User Group 18


The event is at its 18th edition, the first one dating since November 2004. If at that time, a reasonable sized conference room was enough to house our guests and staff, by now we seriously need to reconsider a larger space for the series to come.


1. Raluca Baciu ( BIS ) – Software services support report

2. Cristina Cioroboiu ( BIS ) – Software maintenance report

3. Dan Anghelescu ( BIS ) – BIS & SWIFT agency contract extension

4. Armin Gerhardt & Michael Bajohra ( EFiS ) – Single Euro Business Area

5. Corina Mihalache ( BIS ) – Workers’ Remittances demo

6. Cristina Cioroboiu ( BIS ) – PAYaaS demo

7. Rasvan Stanescu ( BIS ) – Quality keynotes

The subjects generated further dialogue, during sessions, coffee breaks and lunch.

Following our 12yo anniversary and as we started a new year to add to our ‘age’, there are some milestones that we all recall, in the area of transaction banking, globally speaking and important at company level. Here is a list of events that rolled on since BIS was born:

• The euro and the ECB’s TARGET are introduced
• EBA launches EURO1
• EBA looks to develop STEP1 (Straight-Through Euro Payment System) an interim system for processing cross-border retail payments in euro
Y2K is a significant challen financial institutions because of many automated applications with date fields

• Analysts debate if expenses for the Y2K challenge were worth to be done

• EBA approves the blueprint for STEP2
• European states adopt the EC’s regulation on cross-border payments

• Euro notes and coins replace national currencies in 12 member states
• EPC is created
• EBA Clearing develops STEP2

• The EPC approves the Pan-European Automated Clearing House resolution (PE-ACH) which sees STEP2 become Europe’s first PE-ACH

• The first bulk payment file is exchanged with the low value euro payments system STEP2 which is declared to meet all of the ECB’s core principles of retail payment systems

• The EPC commits to building SEPA
• Launching the modern Electronic Payments System in Romania

• EBA Clearing launches SEPA Credit Transfers on STEP2
• SWIFT shareholders approve SCORE (Standardised Corporate Environment)

• The Payment Services Directive (PSD) is adopted by the European Parliament
• Banks migrate to TARGET2 for high value payments

• SEPA Credit Transfers go live

• SEPA Direct Debit goes live
• The PSD is also implemented into national legislation in member states

• EC sets SEPA migration deadlines

and…to find out how BIS’ evolution toned with those, look into our history pages.


By: Corina Cornea

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