e-PPS Mass Payments Service

Piraeus bank’s e-PPS (electronic Piraeus Payment System) service constitutes the most current, effective and cost efficient solution for complete automation of your transactions, offering you the possibility to execute mass payments through electronic file, in euro and foreign currencies regardless of amount and destination country*.

With a small adjustment to your enterprise system, you may automatically extract a specially formatted file, based on the functional specifications provided by the Bank. The file contains all the details of your daily payments; credit transfers and transfers to third party accounts held with Piraeus Bank. Then you send this file to Piraeus Bank for execution.

Upon processing your electronic payment file, Piraeus Bank will send you a response file which you can optionally further utilize in order to achieve automatic reconciliation.

How you benefit

  • Save time and reduce overheads
  • Excellent and qualitative service
  • Maximum use of your enterprises’ system
  • Process optimization
  • Facilitation of your daily routine since you will avoid any manual data entry
  • Ability to make your payments in euro and foreign currencies without any restrictions on destination, amount or details of charges BEN, SHA, OUR (wherever is required)
  • Various ways to send the file to the bank
  • High transaction security
  • Immediate and continuous information regarding the execution of payment orders
  • Option to print an advice slip along with a swift confirmation for every executed payment order with detailed information, such as the amount and the transaction fees, through the winbank web banking

How e-PPS mass payments are made

Following a small implementation within your enterprise system, you may produce an electronic file containing all the details of your daily payments; either they are credit transfers to third banks within the country and abroad or transfers to third party accounts held with Piraeus Bank. The file must be compliant with xml ISO 20022, whose technical specifications will be delivered by the bank.

When the file is created, you need to send it to the bank in order to be executed. The file transfer can be achieved using the below options:

  • Through winbank web banking
  • Through branch
  • Through FTPS Server

Should the file is accepted by the bank; all your payments are executed automatically.

As soon as the file has been preceded, response files will be available based on the same functional specifications, about the status of each payment.

*The service is provided under the existing legal and regulatory framework.