Bulgaria’s national clearing house Borica Bankservice AD and payment processor Equens have entered into a deal. The agreement, which is set to go live before the end of 2011, is for the exchange of Sepa Credit Transfer payments. The partnership will provide banks of both the communities with a fast, cheap and low-risk method of achieving reach with the banks of the other community. It will also allow simple and effective exchange of Sepa payments.

Click here for the release from PR Newswire.