Business Information Systems proudly announces the SWIFTReady Application SEPA 2008 certification of qPayIntegrator payment HUB - the first solution endorsed by SWIFT for the SEPA track. BIS again showed its commitment to the continuous alignment of qPayIntegrator to market regulations, standards and infrastructures.
BIS will implement the updates of the common financial credit transfer and direct debit instruments, as well as the related business procedures. BIS' goal is to help banks and corporate preparing their business compliance with SEPA and Target2.

Sibos 2008 is Business Information Systems' first Sibos participation with its own stand - C218. BIS has invited the Romanian Ministry of Economy and Finance (MEF) to join its team as a stand partner. Aiming to share with Sibos participants the solutions on show, BIS and MEF have initiated the Special Interest Session on "Public Institutions in SEPA Context", scheduled to take place Tuesday, 16 September, Room Lehar4. Join us in stand C218 and Lehar4.

The Sibos Special Interest Session on "Public Institutions in SEPA Context", initiated by Business Information Systems, will emphasize the Romanian Ministry's of Economy and Finance (MEF) experience in using its payment system aligned to banking standards and practice.
We believe that MEF will become a reference for other EU'-State Treasuries, after MEF successful exploitation of the interoperability of a governmental body and the business community.
MA-CUG and SCORE are laying the ground for extending a higher quality distribution channel for enhanced financial services to corporate customers. It is a great opportunity for other State Treasuries to take advantage of this business model. Join us on Tuesday, 16 September, 4 P.M., in Room Lehar4.

The success of SEPA also depends on the Public Administration proactive attitude for the project. An early compliance to the new standards of the Public Administrations will give a jumpstart to SEPA.
The Romanian Ministry of Economy and Finance (MEF) invites you at Sibos, in stand C218, to share their State Treasury business experience in using its payment system, aligned to the banking standards and practice. MEF believes that this will become a reference model for other EU’-State Treasuries, after MEF successful exploitation of the interoperability of a governmental body and the business community. Join us, on Tuesday, 16 September, 4 P.M., in Room Lehar4, for the Special Interest Session on "Public Institutions in SEPA Context".

Business Information Systems, in partnership with Microsoft has successfully completed the migration of qPayIntegrator payment hub on Microsoft® BizTalk® Accelerator for SWIFT.
BIS and Microsoft will jointly propose the banks and corporations attending Sibos 2008 to prepare their business compliance on SEPA and on Target2, by using the SWIFTReady Application SEPA 2008 solution qPayIntegrator.
Join us at our stand C218 to attend a live demo and a debate/discuss with our SWIFT certified consultants.

"Sibos 2008 - Vienna, an event at which Romania came with two goals!" - follow the link to read the whole article featured in the September edition of the Romanian's monthly financial publication Market Watch.

The joys of STEPS (from Sibos Issues, Wednesday 17/09/2008 edition, page 9) [...] Romania offers an 'ecstatic' payments model for other European markets to follow Five years ago, Romanian Banking Association (RBA) chairman Radu Gratian Ghetea presented to SWIFT on the Romanian payments system under the title: 'From agony to ecstasy.' This week he was back in Vienna offering lessons to other European markets. 'Romanian payments were in bad shape - a real mess,' he told a special interest session on public institutions in the context of SEPA. Now with STEPS performing daily payments and collections, MA-CUG and SCORE channel financial services to corporates. "The banks are happy because the state treasury participates on the same terms as them. The treasury is happy because it's good management of funds," he said. Finance ministry representative Stefan Nanu said the system worked because 'the market sees the ministry as being on their side,' rather than an inefficient bureaucracy. Meanwhile, Romania has initiated SEPA compliance for domestic payments ahead of euro adoption, scheduled for 2014. Sheida Hadji-Ashrafi, worldwide industry manager for payments industry solutions at Microsoft, said SEPA would "force innovation to add value." Business Information Systems CEO Sorin Guiman attributed the firm's role in payments transformation to cooperation. "To deliver knowledge, you need either to be a genius or you need powerful partners," he said. "We had Microsoft."

CEC Bank selects BIS' SEPA-compliant payment hub (from Sibos Issues, Thursday 18/09/2008 edition, page 11) [...]