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