Fred Bar Appointed as President of EACHA

By Vocalink, PRNE
Monday, October 25, 2010

AMSTERDAM, October 26, 2010 - Following a plenary meeting on 13 October 2010, The European Automated
Clearing House Association (EACHA) has elected a new Board. Fred Bar
(VocaLink) has been appointed as President. Other members include Harald
(Equens), Jose Luis Langa (Iberpay), Corrado Borsatti (ICBPI) and
Jean-Pic Berry (STET).

Fred Bar, President of EACHA, said, "EACHA has steadily developed and
implemented clearing interoperability since its inception four years ago. It
provides a forum which encourages members to collaborate for the benefit of
the payments industry as a whole. With large-scale adoption of SEPA being the
main payments industry challenge in the next 3 years, EACHA looks to apply
the combined knowledge of its members in implementing interoperability
standards to help make SEPA happen.

"I am honoured to accept the position of President and I look forward to
working with the EACHA community to carry on the good work."

EACHA would like to take this opportunity to thank the previous Board
members Jan Sonneveld (Equens), Luis Sequeira (SIBS), Jad Khallouf (STET) and
Richard Jones (VocaLink) for their valued contribution.

Notes for the editorial staff:


The European Automated Clearing House Association (EACHA) is the
technical cooperation forum of European ACHs. Its membership, currently
comprising 22 institutions, gathers twice a year to discuss European
developments in retail payments. The philosophy of EACHA is that healthy
competition also means teamwork. This is why EACHA believes firmly in
developing a common vision for the future, and favouring harmonious
implementation of European policies and schemes including interoperability
based on open standards.

    EACHA aims to:

    - be a forum enabling its members to share information
    - advance the views of its members on issues of general interest
    - resolve specific issues by, for instance, developing common guidelines
      for the clearing and settlement of SEPA payments.

    For more information please see or contact: 

    Deborah Souter        Elena Souter           Zoe Gray
    VocaLink              VocaLink               Hotwire (PR for VocaLink)
    +44(0)870-920-8651    +44(0)870-920-8637     +44(0)207-608-2500/4641

Deborah Souter, VocaLink, +44(0)870-920-8651; Elena Souter, VocaLink, +44(0)870-920-8637; Zoe Gray, Hotwire (PR for VocaLink), +44(0)207-608-2500/4641

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