register free | resend password


Cooperative bank sector and DZ Bank rely on PPI solution for real-time transfers

The TRAVIC-Payment Hub of PPI AG is the technical basis for instant payments offered by the cooperative banks / After the successful start in May 2019, it will also provide the possibility to handle bulk transfers in real time by the end of this year

ID: 1550066
recent pressrelease next pressrelease

(PresseBox) - Many of the approx. 30 million private and corporate customers of the German cooperative banks will now benefit from real-time transfers. Since the end of May 2019, far more than half of the 875 cooperative banks have been offering their customers the possibility to initiate instant payments. Since November 2018, customers have already been able to receive real-time transfers.

The technology for the smooth real-time transfer process comes from the north of Germany. With the consulting and software company PPI AG located in Hamburg, the leading institution DZ BANK and the IT provider for the cooperative banks Fiducia & GAD IT AG have found a reliable solution partner for the implementation of instant payments. PPI?s standard products TRAVIC-Payment Hub for the core processing and TRAVIC-Interbank for the connection to the EBA Clearing system RT1 represent sustainable solutions which fit perfectly into the banking infrastructure of DZ BANK and Fiducia & GAD IT A.

Instant payments soon standard

?We are happy about the corporate finance sector having expressed their confidence in PPI when it comes to the establishment of instant payments ? and that we had the opportunity to prove that this confidence is justified by bringing the project to a successful end?, says Dr. Thorsten V

High performance, fail-proof operation

Performance and fail-proof operation are the core attributes of an instant payments platform. The European Payments Council stipulates that payment providers who offer real-time transfers must be available around the clock, 24 hours a day and 365 days a year for processing these payments. The TRAVIC-Payment Hub guarantees an uninterrupted 24/7/365 operation, meets highest security standards and processes all transactions quickly and reliably ? even during release changes. Load tests have shown that the PPI solution reaches a throughput of 1,000 transactions per second ? including downstream processes like archiving and statistics. If single transactions are interrupted (for example, in case the system of the correspondent bank is not answering), specific algorithms avoid a possible bottleneck.



Bulk transfers already in 2019

The instant payments features for the cooperative banks will be enhanced step by step. Until the end of 2019, it will, for example, be possible to also use bulk transfers ? a feature which will be of high benefit especially to corporate customers.

DZ BANK

DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt on the Main, serves as the subsidiary partner of more than 900 local cooperative banks in Germany. As a holding, DZ BANK AG coordinates the efforts of the cooperative sector''s comprehensive range of specialised services in order to achieve synergies and increase market potentials for the benefit of their local cooperative banks. In doing so, it has proven that the synergy of decentralised customer competence and central product competence is highly effective. With more than 7 billion transactions in 2017, DZ BANK AG is the biggest SEPA transaction provider in Europe.

Fiducia & GAD IT AG

Fiducia & GAD IT AG is the service provider for information technology within the cooperative FinanzGruppe. The company has its headquarters in Karlsruhe and M& GAD IT AG yields an annual group revenue of approx. 1.5 billion euros.

PPI specialises in payments software and consulting and is the market leader for EBICS and FinTS solutions. PPI''s products cover the complete payments process chain for banks, from customer-to-bank communication through the core processing of payments up to the interbank communication - end-to-end from a single provider. The consulting portfolio comprises topics ranging from strategic matters as well as banking-related aspects up to payments-related IT consulting. PPI advises their customers on various fields such as regulation (e.g. PSD II), instant payments, SEPA, individual-, bulk- and card-based payments.



More information:
http://https://



Keywords (optional):



Company information / Profile:

PPI specialises in payments software and consulting and is the market leader for EBICS and FinTS solutions. PPI''s products cover the complete payments process chain for banks, from customer-to-bank communication through the core processing of payments up to the interbank communication - end-to-end from a single provider. The consulting portfolio comprises topics ranging from strategic matters as well as banking-related aspects up to payments-related IT consulting. PPI advises their customers on various fields such as regulation (e.g. PSD II), instant payments, SEPA, individual-, bulk- and card-based payments.

PressRelease by

Requests:



PressContact / Agency:



published by: PresseBox
print pressrelease  send to a friend  

Date: 06/19/2019 - 16:34
Language: English
News-ID 1550066
Character count: 5068
Kontakt-Informationen:
Firma: PPI AG
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Hamburg
Telefon:

Meldungsart:
Versandart:
Freigabedatum:
Comments:



Number of hits: 271

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 286
Register today: 1
Register yesterday: 1
Members online: 0
Guests online: 54


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.