Banks participating in the euroSIC system are able to send and receive SEPA-compliant credit transfers with little effort.
Banks from all over Europe have SEPA-compliant credit transfers and direct debits processed on their behalf through the Swiss payment path.
euroSIC/SECB, the Swiss financial center's joint venture allows banks to make crossborder, SEPA-compliant euro payments.
euroSIC’s connectivity to systems of European payments processors enables participating banks to receive and submit SEPA credit transfers.
The joint venture has also been offering SEPA-compatible direct debit services.