The Royal Bank of Scotland (RBS) plc today announced the launch of the RBS SEPA Accelerator; a new solution to help clients quickly and cost-effectively migrate to mandatory SEPA standards.

RBS SEPA Accelerator offers clients a cost-effective solution for the migration of electronic payments, collections and core master data management. For a corporate implementing SEPA XML file format to their systems, RBS' SEPA Accelerator has a unique feature which allows a corporate to independently initiate, monitor and amend file testing, validation and end-to-end simulation. This feature ensures that a corporate can quickly self-test their SEPA readiness, saving rejection costs and negotiation with their bank and ERP provider.

RBS SEPA Accelerator is complementary to the wide range of payment and collection factory solutions, which RBS offers to its client across a variety of proprietary and SWIFT-based connectivity models. RBS SEPA Accelerator offers corporate clients a single interface to manage seamlessly their euro flows and processes related to migration and data management of SEPA instruments.