In co-operation with GEFEG the Austrian STUZZA provides a web portal for testing the Austrian SEPA Credit Transfer specification, precisely the message SEPA Pain.001.
Introducing the Single Euro Payments Area (SEPA)
On 28 January 2008 the first step was taken to migrate to the SEPA: Banks all over Europe actually used the SEPA Credit Transfer data format according to the SEPA regulations for the first time. From this moment on financial institutes in the EURO countries are obligated to receive and process the SEPA Credit Transfer data format. This is also the starting signal for the migration towards a Europe-wide uniform payment transactions infrastructure which requires the use of legally binding business rules and global standards (ISO 20022 XML). To reach the objective of a Single Euro Payments Area (SEPA) will be an ongoing process for the next few years.
Web Portal for the Validation of the SEPA Credit Transfer Data Format
Since the introduction of the EDIFACT based PAYMUL message in Austria STUZZA, the Studiengesellschaft für Zusammenarbeit im Zahlungsverkehr (Study Company for Cooperation in Payment Transfers), has already offered a web portal for the validation of the PAYMUL message. Until today this web portal is still used daily though more than six years have passed. Following this great success the credit transfer format ("pain.001") may now be tested with the GEFEG.Validation.Portal. Thus STUZZA provides for a free of charge test facility of the XML based SEPA Credit Transfer data format.
STUZZA XML Validation Portal
More information about the GEFEG.Validation.Portal