The answer to identified needs

This section describes how the core concepts of SEPAmail answer to the SEPAmail business requirements:

• the level of authentication and the identification of the messages sender and receiver is similar to the level of funds transfers
• the routing guarantee of messages is as high as for a registered letter with acknowledgement of receipt as it is based on:
  • an application-based management of the acknowledgement of receipt
  • returns when necessary
  • information by the sender on results
• encrypted data ensuring the confidentiality
• a quasi-immediate transmission between banks as 2 major Internet protocols may be used (http-webservice; smtp-email)
• complementary back-up solutions based on a routing using either the webservice or smtp (protocol used by classic emails)
• a structured envelope allowing to identify different types of messages, enabling value-added services related to automated processes
• valorization of existing banking components: certificates, Internet access, authentication systems, remote banking, telecommunication with companies.

The benefits of the SEPAmail solution

• an interbank scheme logic
  • a set of core rules
  • specifications
  • implementation guidelines
  • referentials
• no flow concentration on a central point
• a total independence of each eactor for its customer relationship
  • multi-channel
  • authentication
  • services based on exchanged messages
• a strict separation between the content and the container allowing:
  • the simple creation of new SEPAmail messages
  • the machine to machine automation
• an independence of the existing clearing systems for the exchange of non accounting information
• an ISO content to reconciliate with payment flows
• a security uptodate with the current internet standards
  • each SEPAmail message is identified and encrypted
  • banks are authenticated
• a European addressing mapping and even larger
• a simple banks enrollment via Internet

Why a new network between banks ? Why not valorize the existing networks: e-RSB, Visa Authorisations, VISA Clearing, ABE Clearing, STET, SWIFT ?

These networks add value (intermediaries processes, response time guarantee, specific regulation) and involve then an increased cost compared to a routing network such as Internet. ???????????????????????

What is the risk involved by the use of a routing network such as Internet ?

Most of exchanges of messages are initiated with customers through remote banking systems (Internet access) or EBICS files (Internet access). The level of the Internet link with banks is then similar to the other levels. The fundamental use of Internet in the 21st century day to day life leads to the fact that we can consider it will last, even without any contractual basis.

Which economic models are planned ?

Depending on the type of message and on the process performed, the receiver's bank may set up bilateral agreements with the sender's bank in order to get appropriate fees.