Business Information Systems (BIS) the only Romanian exhibitor at Sibos 2009 Hong Kong.

Business Information Systems (BIS) announced today at Sibos 2009 that qPayIntegrator, its centralized payment hub, has received the SWIFTReady SEPA 2009 recertification.

qPayIntegrator Utilizes Microsoft Technology to Help Cement Commitment to Industry Standards.

In order to achieve the 2009 SWIFTReady recertification, BIS, in conjunction with Microsoft, successfully completed the qPayIntegrator migration onto Microsoft BizTalk Accelerator for SWIFT, providing SEPA credit transfer and direct debit, as well as EURO high value and urgent payments. Additionally, qPayIntegrator business features were migrated, providing for multiple payments, direct debit and debit instruments support, workers’ remittances, liquidity management, continuous Nostro/Vostro reconciliation, exception investigation, duplicate detection, native real-time resilience, traffic reporting and analysis, possible money laundering detection and investigation.

“Banks and other financial institutions are faced with a daunting challenge – a multitude of applications and systems that need to be integrated with customers, partners and external financial networks,“ says Susan Hauser, vice president, Worldwide Financial Services, Microsoft. “To address this integration complexity and to simplify the process, BizTalk Accelerator for SWIFT extends the BizTalk Server environment to provide the most comprehensive, reliable and secure delivery of financial messaging using SWIFT formats and SWIFTNet for the benefit of our partners such as BIS, and our customers in the financial services industry.“

Business Information Systems (BIS) announced today at Sibos 2009 the completion of a governmental funds management system pilot at the Romanian Ministry of Public Finance (MoPF).

qPayIntegrator Uses Microsoft Technology to Ensure Improved Financial Management of Public Funds, as well as a Tight Alignment with Economic Regulations

The delivered solution addresses the management of the Structural Funds by creating a beneficiaries’ closed user group. This group’s financial business is administrated by the State Treasury within MoPF according international banking business standards and practice, taking advantage of its SWIFT full membership status.

“Deploying the pilot went smoothly because it takes advantage of the already practice proven processes, the already acquired organization culture and skilled execution team running the present payment system - also delivered by BIS - within the State Treasury” declared Laurentiu Andrei, General Manager of the State Treasury and Public Debt Division.

“For many banks and corporations across Europe, the implementation of the Payments Services Directive (PSD) and Single Euro Payments Area (SEPA) requirements is a major challenge,” says Susan Hauser, vice president, Worldwide Financial Services, Microsoft. “Banks are focused on achieving greater interoperability and higher quality distribution channels that provide enhanced treasury services to customers in order to help them realize the economic benefits of SEPA. We are pleased to be working with leading financial services partners such as BIS to help our customers achieve these goals.”

Business Information Systems (BIS) announced today at Sibos 2009 the signing of a partnership contract with SWIFT. SWIFT and BIS have signed today an 'Agency Contract' to develop a relationship that will allow both parties to leverage their areas of expertise to maximize benefits and deliver complete messaging solutions to joint customers.

The announcement again demonstrates the commitment BIS has to SWIFT partnership on multiple levels: technology, standards and business. "Business Information System will promote and facilitate the sale of SWIFT payment and cash management, corporate to bank business, exceptions & investigation, and system integration solutions to jointly identified customers" said Horia Beschea, Products Development Director at BIS.

Business Information Systems is a Romanian capital based company, offering leading edge solutions and services for the financial community, based on best of breed information technology and on its own employees' skills.

BIS provides IT consultancy and solutions targeting critical payment business area; applications and systems integration; hardware and software installation, configuration maintenance and support; training; commercial services, all customized in particular for financial institutions.

BIS provides both SWIFTReady services and SWIFTReady applications.

"Romania was represented at this event by a delegation consisting of National Bank of Romania, Romanian Banks Association, Transfond SA and SC BIS SRL representatives. Within SIBOS, SC BIS SRL had its own booth in which they’ve promoted services offered by the Romanian company to Asian banks which plan to open branches in South-Eastern Europe. The message built by the Romanian company has focused on presenting a financial chain consisting of: solution vendor (BIS) ↔ central public institution ↔ credit institution, to show the compliance of payments activities and SEPA EPC (European Payment Council) regulated initiative, through BIS’ solution for credit institutions, corporates and governmental institutions. Central highlights were the adoption of BIS solution by Romanian public institutions in order to adhere to SEPA, with the possibility of exporting this project to other EU countries, with positive effects on both harmonizing the European payments environment and Romanian visibility enrichment."

The whole story was published on the Romanian Exterior Commerce Portal ( in Romanian language ). And it is also available for download:

"BIS use SWIFT partnership to deliver complete messaging solutions to joint customers."

The whole article upon the renewal of partnership agreement between SWIFT and BIS is featured on page 7 of Thursday's DAILY NEWS from swift at Sibos issue magazine:  

Business Information Systems (BIS) is happy to invite Sibos 2009 participants to stand 3E13 between 14-18 September. Here, our SWIFT-certified experts will share information on BIS portfolio and will demonstrate banking payment solutions for corporate and individuals, built around BIS payment system qPayIntegrator - now recertified SWIFTReady Application SEPA 2009.

Business Information Systems (BIS) is exhibiting a broad portfolio of products and services, including the qPayIntegrator Suite, available on both IBM and Microsoft technologies, and particularly its new qPI-WR (for workers’ remittances) and qPI-Lite (a STP solution for Alliance Lite users) applications.

Business Information Systems (BIS) is happy to invite you to Stand 3E13 at Sibos 2009, 14÷18 September, in Hong Kong. Here our SWIFT-certified experts will present banking payment solutions for corporate and individuals, built around BIS’ payment system, qPayIntegrator - now recertified SWIFTReady Application SEPA 2009. Using BIS solutions, banks will be able to provide their customers with competitive business tools allowing them to improve the liquidity management, operational risk containment and regulatory compliance.

Romanian firm CEC Bank and the Romanian Ministry of Public Finance have completed the upgrade of their payment systems to become SEPAReady, using Business Information Systems’ qPayIntegrator solution.