TRANSFOND

TRANSFOND is in charge with processing all interbank transfers in local currency, as well as processing of euro payments, both at national and cross boarder level, as technical operator of the Electronic Payment System of Romania (EPS), performing the following functions: In addition to operating the EPS, with a view to diversifying our service portfolio, TRANSFOND has developed comprehensive and state-of-the-art solutions for more and more segments of the domestic financial sector in particular, and for all types of local economic operators in general, as follows:

ABOUT TRANSFOND

TRANSFOND is the technical operator of the Electronic Payment System, providing Electronic Invoicing and Archiving services.

The company was established in 2000, in order to modernize and automize the interbank payment system. The Electronic Payment System went live in 2005, and was completed in 2008 with the debit instruments electronic processing.

The infrastructure development continued with the launch, in November 2012, of the credit transfer processing service for payments in domestic currency, in SEPA format. In December 2013 it was followed by the processing of credit transfers in euro, both domestic and cross-boarder.

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SERVICES

Starting 2000, the banking community has granted TRANSFOND the role of interbank payments processor, with the main mission to implement the Electronic Payment System which became operational in 2005.

In 2008, the system was completed once interbank payments by cheques, promissory notes and bills of exchange entered the virtual space; in 2012, the concern to modernize interbank payment flows materialized in November with the launch of a new application for processing leu-denominated low-value payments in SEPA format.

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CONTACT

GENERAL INFO

1, Ficusului Blvd., District 1, Bucharest, Postal code: 013971

E-mail: info@transfond.ro
Phone: (+40) 21.201.77.00

VAT no. RO 13215516; RC: J40/6820/2000


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NEWS

Starting May 15th, 2017 the new SENT Rules - version 20 became effective.

April 11, 2016 - TRANSFOND, along with the Romanian Banking Association, launched, on April 11, 2016, the processing service for direct debt instruments in SEPA format (SEPA Direct Debit - SDD) for payments in national currency, thereby completing the Automated Clearing House - ACH Modernization Program, as well as the full preparation of the central infrastructure for interbank retail payment (except card payments) for the euro transition.

Starting April 11, 2016 the new SENT Rules – Version 19 became effective.


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