CB.Net, a payments reference data provider, and LogicaCMG have teamed up to launch the Single Euro Payments Area (SEPA) Directory that will help financial organizations manage SEPA rules that go into effect on Jan. 1, 2008. SEPA is an initiative that will unify electronic payments in euros across 31 countries, ensuring that they are as simple as domestic payments.

The new directory will include payments data, such as bank identifier codes and national codes in the SEPA region. Companies will be able to use the directory, which will be powered by CB.Net's payments data, to validate payment coordinates for banks and make sure transactions are routed properly.

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