CoCoNet’s finance portals and e-banking servers support the new SEPA order types in all customer and bank systems according to ZKA specifications of data formats version 2.4.

The ZKA (Zentraler Kreditausschuss) representing the German Banking industry has defined new SEPA order types and thus incorporated the new rulebooks 3.x for SEPA payment instruments of the EPC (European Payment Council). The new order types based on the existing order types for the SEPA Credit Transfer and the SEPA Direct Debit differentiate between the direct debit flavour B2B (between corporate customers) and Core (between corporates and consumers).

CoCoNet integrates these adaptations in its e-banking products so that banks and corporate customers can process both the old and the new formats and order types including the SEPA container formats as specified for payment transactions in Germany. The ZKA specification only approve the container structure variant “mixed” as a mandatory structure and not the variants “single” and “grouped” any more. For an eased migration all parties can process the existing SEPA formats with the new order types for the time being.

For the transmission of SEPA payments to the bank, corporate customers with CoCoNets solutions can use the access channels BCS-FTAM, MULTIWEB Banking and EBICS. The new ZKA specifications with the internet based communications standard EBICS version 2.4 offers enhanced security according signature, cryptography and authentication.

About CoCoNet
CoCoNet is a leading software company for e-banking solutions headquartered in Erkrath/Dusseldorf (Germany) and supplies banks and large corporations in various European countries with internationally applicable electronic banking products. These solutions cover national and international payment transactions, format conversion, professional cash-management, e-invoicing and Trade Finance. International banks (such as Citi, Deutsche Postbank, GE Artesia Bank, HSBC Trinkaus & Burkhardt, ING, LBBW, Rabobank and SEB) and large corporations (ADP, Allianz, BBDO, Deutsche Telekom, Helvetia) rely on CoCoNet's e-banking customer products and banking servers.

The MULTIVERSA product suite consists of three main products:
- A high-end e-banking portal solution: MULTIVERSA IFP International Finance Portal
- A web-based customer system: MULTIVERSA PBS Professional Banking System
- A bank server: MULTIVERSA IBS International Banking System