Dovetail announces European instant payments first

Stocks and Financial Services Press Releases Friday April 21, 2017 14:25
LONDON--21 Apr--PRNewswire/InfoQuest

Dovetail, the provider of best-in-class payments and liquidity management solutions, has today announced the successful completion of business level flow testing with the EBA Clearing pan-European instant payment infrastructure platform.

The test success, undertaken in partnership with the leading European bank Intesa Sanpaolo, makes Dovetail the first vendor able to offer a fully tested solution ready to support future users of the new EBA Clearing system in sending and receiving payment transactions complying with the SEPA Credit Transfer Instant (SCT Inst) Scheme of the European Payments Council. The EPC Scheme and the EBA Clearing infrastructure platform will go live on the same date in November 2017.

Martin Coen, CEO of Dovetail, commenting on the news said, "All Dovetail solutions are based on the Dovetail Transaction Architecture, built to support real-time payments. We continue to expand our support for real-time schemes worldwide as markets and our customers require. Our range of solutions can be deployed alongside existing payment systems, as a Smart Gateway Solution, or provide complete payment processing as a Payment Solution - supporting one or more schemes globally. Being the first in adding SCT Inst to the growing list of real-time payment schemes we support, demonstrates Dovetail's readiness to provide banks across Europe with leading edge best-in-class solutions that deliver a critical market advantage – now and into the future."

About Dovetail

Dovetail provides best-in-class payments and liquidity management solutions that enable banks to simplify their infrastructure and deliver effective digital transformation. All solutions, based on a single real-time architecture, are available on premise or in the cloud, scalable up and down, across functional and volume needs and offer unrivalled customer and segment personalization. The choice of solution provides flexibility for a bank in setting the pace of its modernization, addressing point needs or replacing multiple legacy systems.

Leveraging the continuing investment from Dovetail and its world-leading client base, banks can rapidly achieve a measurable return on investment, increase strategic agility and operational excellence, optimize total cost of ownership and ensure regulatory compliance.

For more information on Dovetail, please visit our website,   www.dovetailsystems.com
Press Contact
Trevor LaFleche
Vice President, Global Product Marketing and Analyst Relations
+44 20 7652 7788
trevor.lafleche@dovetailsystems.com

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