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Germany's leading cooperative financial institution has been relying on the payments platform of Hamburg-based PPI AG for its correspondent banking since the deadline for the ECB's TARGET2/T2S consolidation and the SWIFT ISO 20022 migration.
PAYCY, the new subsidiary of Hamburg-based PPI AG, enables banks to use Request to Pay – for the seamless linking of invoicing and payment. With the arrival of payments expert Markus Best as Managing Director, PAYCY is now picking up speed.
With Request to Pay (RTP), invoices may be displayed at the online bank account and settled directly via an automatically generated payment notification in the future. DZ BANK relies on PPI AG's white-label platform PAYCY for the implementation.
A joint survey of European companies by the Euro Banking Association (EBA) and PPI AG has confirmed the great industry interest in the new standard for electronic payment requests called Request to Pay (RTP).
New generation of modern payments processing platforms and services combines the payment expertise of PPI AG with Broadridge’s SaaS competence and operational excellence: European banks to achieve a more powerful payments operation with new solution