Royal Bank of Scotland (RBS) has chosen CGI Logica to deliver a 'one-stop-shop' conversion solution for its single euro payments area (SEPA) migration services for corporates.

CGI will roll out a SEPA fallback solution at RBS in collaboration with IT provider PowertoPay. The programme will address RBS' European business customers as part of the bank's SEPA accelerator programme which is intended to give corporates a fast SEPA compliance option as the 1 February 2014 migration deadline nears.

CGI SEPA Services' one-stop-shop will provide RBS corporate customers with a rapid SEPA compliance option that does not jeopardise operations. With this conversion solution, CGI will ensure that payments and collections will be converted into the format required for SEPA. Therefore, reporting and exchanging SEPA data with banks will be fully automated and all transfers will comply with the new requirements before the deadline of 1 February 2014. As part of the transaction, CGI's SEPA Service will also be offered to all RBS, and Ulster Bank clients. CGI provides two key services as part of this solution: mandate management and conversions for the migration to SEPA. Implementation and 'onboarding' for clients is also part of the services being provided.