The Eurogiro System
Providing interoperability
Eurogiro is ideally positioned to help you make the most out of the cross-border payment market. Eurogiro offers 2 options for connection:
Via SWIFTNet Closed User Group using your SAG (SWIFT Alliance Gateway); when connecting via SWIFTNet the Eurogiro messages are exchanged in FileAct files. You may use our ESM application - Eurogiro SWIFT Middleware - to optimize the FileAct traffic by bulking and compressing the messages into fewer FileActs.
Via proprietary network using our ELS application - Eurogiro Local System. The ELS can be delivered as a turn-key system where all the necessary hardware and software is delivered by Eurogiro.
In either case, the transactions are in a SWIFT compatible format and flow seamless between the two networks. To reduce the administration and optimize the settlement the transactions are packed into so-called Envelope files. An Envelope is basically a SWIFT FIN message (like the MT103) with multiple transactions.
All messages transferred are encrypted and authenticated to ensure that no third party can read or change the data.
Both the ELS and the ESM are easy to implement in your existing IT environment. They are supported on a variety of platforms, such as Windows, IBM AIX, Sun Solaris, Tru64 UNIX and Linux. They are highly automated applications with minimum requirement for manpower to operate the systems, thereby reducing administration costs. Transactions can be traced electronically, which guarantees fast handling of any enquiries from the customers.
The Eurogiro system solutions are module based and heavily utilizing XML to ensure flexible adoption to various processing models of our customers.
The ELS and ESM have, in addition to connecting to your existing IT equipment (Internal host system), a data entry facility. The applications are expandable, which ensures that new institutions can start with only the smallest system and upgrade when volume grows without having to replace hardware or change the software platform. The applications have built-in functions to ensure reliable transfers of more than 200,000 transactions per day.