- 01.03.2017, 13:32:39
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- OTE0004
CGI Announces New SEPA Instant Credit Transfer Solution
Prague (ots/PRNewswire) - Solution Delivers Real-Time Instant Payment
Functionality for Banks and Payment Service Providers, Along With
Anti-Money Laundering and Anti-Fraud Capabilities
CGI (NYSE: GIB) (TSX: GIB.A) today announced the launch of a new high
performance, real-time Single Euro Payments Area (SEPA) instant
credit transfer solution. Developed by a team of CGI experts in the
Czech Republic, the solution is designed for banks and payment
service providers in Europe seeking to implement SEPA instant credit
transfers, as defined by the European Payments Council's SEPA Instant
Credit Transfer (SCT Inst) Rulebook.
"We are introducing this solution in response to wide interest by
banks and payment service providers across Europe in the SCT Inst
scheme," said CGI's Jerry Norton, Vice-President, Global Financial
Services. "Enabling our financial services clients to adopt real-time
payments quickly and at low cost is a key driver behind CGI's
payments modernization strategy. We are now able to provide our
clients with a high performance solution that supports full real-time
processing while minimizing the impact on existing bank payment
infrastructures and core banking systems."
CGI's SEPA Real-Time (SRT) solution will connect to EBA CLEARING's
pan-European instant payment infrastructure service, the first of its
kind in Europe's Eurozone, and CGI is a 'Front Runner Provider'
within the EBA CLEARING Technical Service Provider Program. As a
Front Runner Provider, CGI's financial services clients across Europe
will be among the first to have access to instant credit transfer
technology for the benefit of both their corporate and consumer
customers. It is envisaged that other SCT Inst clearing and
settlement mechanisms (CSMs) will be supported by CGI SRT as they
come to market.
The CGI SRT solution provides a real-time payment service for both
originating and beneficiary banks 24 hours a day, 7 days a week. It
includes numerous options, including CGI's Protect the Bank solution,
which provides anti-money laundering and real-time fraud protection
through transaction monitoring. CGI SRT uses state-of-the-art (open
source) technologies, eliminating the high costs normally required
for third-party licences.
"CGI's SRT solution is truly flexible and can support many different
implementation scenarios," added Norton. "It can run as a
standalone/independent system for real-time processing, or it can
complement a bulk SEPA processing engine, which is already
implemented in a bank. In addition, it can be delivered as part of
the CGI All Payments solutions for clients that intend to enhance or
replace their existing payments processing infrastructure."
CGI is a recognized IT leader in the financial services industry,
serving clients across 5 continents, including 23 of the top 25 banks
in the Americas and 21 of the top 25 banks in Europe. Its payment
experts have played a key role in the setup, modernization and
running of national payment infrastructures in more than 20 countries
over the past 15 years.
About CGI
Founded in 1976, CGI Group Inc. is the fifth largest independent
information technology and business process services firm in the
world. Approximately 68,000 professionals serve thousands of global
clients from offices and delivery centers across the Americas, Europe
and Asia Pacific, leveraging a comprehensive portfolio of services
including high-end business and IT consulting, systems integration,
application development and maintenance, infrastructure management as
well as 150 IP-based services and solutions. With annual revenue in
excess of C$10 billion and an order backlog exceeding C$20 billion,
CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website:
http://www.cgi.com.
cgi.com/newsroom (http://www.cgi.com/newsroom)
Investors and media: Lorne Gorber Executive Vice-President Global Communications and Investor Relations [email protected] +1-514-841-3355
ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | PRN






