MULTIVERSA IBS supports the EBICS-payment transaction standard in France

August 21, 2009 - EBICS is the well established Internet communication standard for corporate e-banking introduced in Germany in January 2008 and is now due to be implemented by banks in France as of November 2009.

CoCoNet enables banks active on the French banking market using the MULTIVERSA IBS International Banking Server to connect corporations additionally with EBICS.

Until now French banks have used the ETEBAC communications standard. For the migration to the EBICS standard the French banking association recommends proceeding in two steps: In the first step the ETEBAC communications standard versions 3 and 5 is going to be migrated to EBICS 2.4. In the second step a distributed digital signature will come into operation, conveniently offering decentralised and secure digital signing of payment transactions.

With the change from ETEBAC to EBICS French banks and their corporate customers make use of the Internet as new transmission route for e-banking. The banking server MULTIVERSA IBS with EBICS for banks in France can processes all usual French payment formats via Straight-Through-Processing (STP) with a high performance level.