DIAS, aiming to constantly improve its services, participates to international organizations and follows standards and guidelines set by the European Central Bank and the Bank of Greece.
DIAS constitutes one of EACHA’s (European Automated Clearing House Association) founding members. EACHA is a European association in which 26 ACHs participate. Its main objective is to harmonize the way the European practices and guidelines are applied throughout Europe in the field of payments. It favors cooperation, productive dialogue and information exchange between participant ACHs.
Since 2008, DIAS has signed a bilateral agreement with Worldline which is also a Clearing and Settlement Mechanism (CSM) compliant with the SEPA Credit Transfer Scheme (SCT Scheme-compliant CSMs). Based on this agreement, DIAS can proceed to SEPA credit transfers towards any financial institution within SEPA that is also connected to Worldline.
The European Payment Council is responsible for decision making in the payment sector. It coordinates actions and enforces integration and harmonization within the Single Euro Payments Area (SEPA). DIAS has already adhered to and complies with the standards and guidelines of all four EPC – SEPA payment schemes: SEPA Credit Transfer, SEPA Direct Debit Core, SEPA Direct Debit B2B and SEPA Credit Transfer Instant.
EBA Clearing is a company founded by 48 European credit institutions and offering solutions in the payment sector. EBA Clearing has established STEP2, a Systemically Important Payment System, in which DIAS has adhered. Through STEP2, DIAS provides technical support and offers solutions to Payment Service Providers that participate in DIAS Credit Transfer and DIAS Direct Debit.