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June 15, 2017

Form3 partners with Icon Solutions for SEPA instant payments

By Prasad

Form3, a provider of Payments-as-a-Service for financial institutions, has selected Icon Solutions’ Instant Payments Framework (IPF) for Single Euro Payments Area (SEPA) instant payments.

Icon Solutions’ IPF will provide customers direct access to the Euro Banking Association (EBA) to initiate and receive real-time SEPA payments using the new SEPA Inst scheme, which is set to go live in November this year.

Under the partnership, Icon Solutions will deploy its IPF in Form3’s cloud-based infrastructure to provide customers to access SEPA Instant payments.

SEPA Instant payments will be available from the first day that the scheme goes live, using the same modern API integrations already used by Form3 clients.

Form3 chief product officer Mike Walters said: “It is essential to remove the need for clients to continually procure stand alone technology components from vendors every time this market evolves.

“Our partnership with Icon Solutions solves this problem for SEPA instant and shows our commitment to making sure that clients do not have to wait for long implementations or invest huge sums to bring real-time experiences to their customers, whatever their size or volume – all using state of the art cloud based technology.”

Icon Solutions director of services Darren Capehorn said: “Working with Form3 enables our clients to benefit from high standard cloud technology to efficiently and quickly gain access to SEPA Instant, connecting to real-time payments in Europe for the first time.”

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