The Past and Future Technologies of the Treasurer
The treasurer’s tools have evolved and some are now deprecated or disappeared. We have drawn a non-exhaustive list of these technologies and their replacements.
- ETEBAC: The ETEBAC protocol allowed clients to communicate with banks in France.
Replaced by EBICS & SWIFTNet: EBICS (Electronic Banking Internet Communication Standard) replaces ETEBAC at European level. Its main advantage: speed. SWIFTNet is its international equivalent.
All bank communication protocols are managed by the payment factory CashPooler.
- X25 TRANSPAC: X25 Transpac was the transmission system used in the early 1980s. This network enabled bank communication via ETEBAC.
Replaced by FULL WEB: Internet and IP (Internet Protocol) are less expensive to implement and transfer speeds are much higher than X25 Transpac.
- National and transnational transfer: The SCT project (SEPA Credit Transfer) was launched on January 28, 2008. The national and transnational transfers didn’t properly “disappear”, but simply evolved into the SEPA credit transfer.
Replaced by SEPA Transfer: The “Single Euro Payments Area” or SEPA aims to create a unique range of means of payment in euros, common to all European countries.
- Standard Bank account Details (French RIB): Since January 2008, with the beginning of SEPA, the standard bank account details are gradually replaced by the combined use of BIC and IBAN to facilitate European trades.
Replaced by BIC & IBAN: Whether for a transfer or SDD, you need IBAN and BIC are needed both for SEPA transfers or direct debits. These data can be found on bank account details since 2001.
Some others will soon join:
- SWIFTNet Accord: SWIFTNet Accord sends transaction confirmations to third-party reconciliation service providers. The service will end on October 31, 2017.
- Client–server model: Cash software are less and less installed on a computer, since “full Web” solutions are cheaper and more quickly installable. Only a browser is required for access.
- TIP: French Interbank Payment Orders (TIP in French) and European equivalents will stop after 28 years of loyal service on February 1, 2016, and will be replaced by the “SEPA TIP”. An E-transfer approach like the RUBIS SEPAmail application may as well be chosen.