Spanish national ACH goes live with SWIFT for SEPA

Published on 18 September 2008
Left to right: Jose Luis Langa Hernando, Director, Iberpay. Pedro Valdecantos, Director General, Iberpay. Juan Martinez, Head of Iberia, SWIFT
Iberpay, Spain’s national ACH, has gone live with SWIFT to provide its domestic and international bank partners with the opportunity to exchange credit transfers and payment instruments via the SWIFT channel, as an alternative option to using their own private networks.

Says Pedro Valdecantos, Director General, Iberpay: “Because of SWIFT’s role as a standardised platform for SEPA-compliant cross-border payments, Spain’s most important banks have shown their interest in using SWIFT to exchange SEPA instructions with Iberpay.”