Contact
QR code for the current URL

Story Box-ID: 1182938

PPI AG Moorfuhrtweg 13 22301 Hamburg, Germany http://www.ppi.de
Contact Mr Geerd Lukaßen
Company logo of PPI AG
PPI AG

Future European standard: Cooperative Financial Network launches pilot phase for new payments procedure

(PresseBox) (Hamburg, )
The new Request-to-Pay (RTP) procedure digitalises the entire invoicing process for the first time and enables companies to keep administrative tasks and costs to a minimum. This will open up completely new ways of paying in the future. This makes the Cooperative Financial Network one of the first providers in Europe whose customers can pay invoices in this way.

"We are delighted to be launching this new service on the market so early, as Request-to-Pay is set to become the new standard in European payment transactions. We are convinced that our competitors, not only in Germany but throughout Europe, will also adopt the European procedure to create rapid coverage,” says Thomas Ullrich, Member of the Board of Managing Directors of DZ BANK.

DZ BANK has already successfully completed the first transaction together with R+V Versicherung, the cooperative IT service provider Atruvia, Volksbank Mittelhessen and the platform operator PAYCY, which is a subsidiary of PPI AG. A Volksbank Mittelhessen customer paid her insurance policy with R+V completely electronically for the first time. To facilitate this, R+V submitted a payment request to DZ BANK, which was sent to Volksbank Mittelhessen via the PAYCY platform. The customer was then able to authorise the payment in her online banking and the entire process took just a few seconds. Another advantage is that all the invoice details are also stored in online banking and can therefore be viewed at any time. Further transactions will follow in the next six months in the pilot phase with eight cooperative banks in order to test the overall process with customers.

"With the launch of Request-to-Pay, R+V is setting a milestone in digital payment transactions together with DZ BANK. With RTP, our customers can pay their insurance premiums easily and conveniently with just one click directly in online banking. We can process RTP payments automatically. We see RTP as a solution for the future, and we are working hard on achieving this as a Cooperative Financial Network,“ says Julia Merkel, Member of the Board of Managing Directors of R+V.

The pilot phase will initially run until the middle of 2024. There are then plans to make the service available to all customers of the cooperative banks, including both corporate and private customers.

PPI AG

Die PPI AG ist seit über 30 Jahren als Beratungs- und Softwarehaus erfolgreich für Banken, Versicherungen und Finanzdienstleister tätig. Als stabil wachsende Aktiengesellschaft in Familienbesitz verknüpfen wir Fach- und Technologie-Know-how, um Projekte kompetent und unkompliziert umzusetzen. Im Zahlungsverkehr nehmen wir in Europa mit unseren Standardprodukten eine marktführende Stellung ein. Rund 800 Mitarbeiter konzentrieren sich dabei ganz auf den Erfolg unserer Kunden.

The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2024, All rights reserved

The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.