[…] adaptable and scalable Legally compliant and future - proof With the CESOP Compliance Service, DPS offers a complete solution for meeting the new requirements: Easy connection of transaction and core banking systems Identification of relevant transactions Meldung an die Steuerbehörde UI für Korrektur und Wiedervorlage - möglichkeit The CESOP Compliance Service ensures timely and […]

[…] and scalable Legally compliant and future - proof With the CESOP Compliance Service, DPS offers a complete solution to fulfil the new requirements: Straightforward connection of the transaction and core banking systems Identification of the relevant transactions Meldung an die Steuerbehörde UI für Korrektur und Wiedervorlage - möglichkeit The CESOP Compliance Service ensures the […]

[…] and scalable Legally compliant and future - proof With the CESOP Compliance Service, DPS offers a complete solution to fulfil the new requirements: Straightforward connection of the transaction and core banking systems Identification of the relevant transactions Meldung an die Steuerbehörde UI für Korrektur und Wiedervorlage - möglichkeit The CESOP Compliance Service ensures the […]

Payments There is hardly any other banking product where the digitalisation of the financial sector is as noticeable as in payment transactions: the bank customer of the future expects nothing less than to be able to make payments worldwide at any time in real time without media discontinuity. Our expertise covers the entire payment […]

[…] into real systems. Our mobile digital wallet communicated with the ECB’s simulated backend via the provided TapNGo ticketing solution using standardised REST APIs. All objects – from transactions to wallets to accounts – were mapped in UUID v4 structures. This setup made it possible to test different payment scenarios such as P2B, P2P and […]

[…] for Instant Payments and VoP By Lukas Romeiser With the mandatory introduction of Instant Payments (IP) and the new ‘Verification of Payee’ (VoP), the dynamic in payment transactions continues to gather pace. Banks and payment service providers are faced with the challenge of providing reliable, secure and high-performance systems in the shortest possible time […]

[…] the complete transition to the ISO 20022 standard. Initial reactions from the industry referred to this as a “softening”. In the following, a brief categorisation. International payment transactions are currently undergoing a fundamental change. Major market infrastructures are modernising their large-value payment systems and are using the ISO 20022 standard. Since mid-March 2023, following […]

[…] EU specifications intended to fight VAT fraud, was 1 January 2024. As of 31 July 2024, payment service providers (PSP) in Germany are required to submit relevant transaction data to the Federal Central Tax Office (Bundeszentralamt für Steuern – BZSt). In addition to classic banks, savings banks and credit unions, specialised banks and e-financial […]

[…] challenges involved in implementing the EU reporting obligations to combat VAT fraud (CESOP). With the Central Electronic System of Payment Information (CESOP), an obligation to report payment transactions on an individual transaction basis was introduced for the first time at the start of 2024. Joachim Dorschel explained the complex challenges on the way to […]

[…] the implementation of Directive (EU) 2015/2366 of 25 November 2015 („PSD2“) E-Commerce platforms such as marketplaces acting on behalf of the seller and the buyer in a transaction are regularly treated as PSPs and are therefore in scope of the obligations set forth in the CESOP Directive. This is due to the fact that […]

[…] the implementation of Directive (EU) 2015/2366 of 25 November 2015 („PSD2“) E-Commerce platforms such as marketplaces acting on behalf of the seller and the buyer in a transaction are regularly treated as PSPs and are therefore in scope of the obligations set forth in the CESOP Directive. This is due to the fact that […]

[…] of the Directive has been interpreted in such a way that the reporting institution could rely on the IBAN or other “identifiers” with country codes in a transaction, in order to determine the relevant cross-border transactions. It was accepted that transactions could be omitted from the report if the institution’s country, on the one […]

[…] Needless to say, Office tools can also be used to select data that is based on certain criteria. The same applies to generating XML files. However: individual transactions must be processed for CESOP. Depending on the bank’s respective business model, this can be many millions of data records per reporting quarter. A technical assignment […]

[…] the agenda. The complexity of CESOP is being underestimated. You have to bear in mind: in payment traffic, there have been no reporting obligations on an individual transaction basis to date. Accordingly, the architectures of the payment traffic systems are not designed for this. Where do you see the main challenges? There are two […]

[…] EU customers pay for the delivery of goods by bank transfer. The bank, as the payment service provider (PSP) of the payee, is responsible for recording these transactions. Institutions falling within the scope of the Directive must carefully consider whether the recorded payment transactions need to be reported. A reporting obligation exists, in particular, […]

In July, DPS Engineering GmbH’s eCMS client was successfully EMVCo recertified for the operating system versions Windows 10, Windows 7, Windows XP, with validity until August 2025.

The Internet of Things – what is it and what numbers are we talking about? The Internet of Things (IoT) is a network of physical objects and appliances that use various technologies (sensors, software etc.) to connect with each other over the internet

The Internet of Things – what is it and what numbers are we talking about? The Internet of Things (IoT) is a network of physical objects and appliances that use various technologies (sensors, software etc.) to connect with each other over the internet

[…] all front ends. The client supports all necessary aspects of encryption Key Management (OPT) whitelisting, HDE and all other features necessary for the secure operation of monetary transactions in an unattended environment. ECMS MONITORING SERVICES The operation of the terminal devices is supported by the eCMS monitoring services for secure production operation via a […]