ACE Software Solutions (www.acesw.com), provider of intelligent payment, AML and STP solutions for the financial sector, commented today that its research has shown both banks and corporates that are relying on solutions to validate SEPA transactions are missing out a significant opportunity to raise STP rates, increase revenue and minimise costs. Many organisations in the payments industry affected by SEPA are taking a short term view, making the bare minimum changes in order to be able to process SEPA formatted payments messages from January 28th, 2008.
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