Fighting VAT fraud

CESOP

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“CESOP” – this buzzword stands for a new central database (Central Electronic System of Payment Information), which is to counter VAT fraud in e-commerce by collecting payment information. The directive on fighting VAT fraud will come into force on 1 January 2024 (Regulation [EU] 2020/283 and EU Directive 2020/284). Detailed information on cross-border payment transactions must then be reported to the tax authorities.

For various European payment service providers, the following elements of the regulation are of central importance:

  • Reporting of all individual transactions for more than 25 cross-border payments per beneficiary per quarter
  • Quarterly reporting at individual transaction level in XML format, with the threat of fines in the event of incorrect, late or incomplete reporting
  • Different criteria per payment type to identify the recipient country
  • Requirement of payment aggregation by the beneficiary bank
  • Preservation of data for three years
  • Use of predefined XML workflows for enquiries by the tax authority and their response

The CESOP directive has an impact on various processes of a bank and its technical infrastructure.

How will you position yourself on the topic?

With Foconis as your partner in payment transactions, you can conveniently integrate the solution to this issue into your existing payment transaction application. Interface, role and authorisation management – everything can be used as usual. We offer you the possibility of CESOP data collection, data aggregation and message submission including XML workflow for queries of the CESOP platform. Long-term archiving of the data also takes place in our solution.

What could your path to the goal look like with Foconis at your side?

Use our solution for CESOP messages and let our experienced consultants help you to examine the interfaces of your peripheral systems with regard to an appropriate data supply!

In this way, you secure the basis now for meeting the requirements of the CESOP Directive on 1 January 2024!

Press release: New Foconis GmbH pools expertise.

Exciting news: van den Berg is part of Foconis and will become Foconis Payment in the course of the first half of the year.
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Status quo instant payments: EU regulation adopted, ambitious implementation deadlines

We summarized the most important information for you
More Information

Christmas party 2023

We brought our Christmas party forward a little this year and started the festive season in mid-November. Click here for the impressions!
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Swiss Payment Forum 2023: Keynote by Christian Fink on the topic of instant payments

Christian Fink shares insights from his keynote on "Instant Payments."
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GOODBYE MUNICH – REVIEW OF A SUCCESSFUL VDB FORUM

Once again, it has been shown that personal exchange is irreplaceable. We are all pleased that we can look back on a very successful event in Munich.
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Thank you – for a lively CESOP Focus Session!

We look back on a lively Focus Session on the topic of CESOP - combating VAT fraud! Please feel free to contact us and talk to our experts.
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summer party 2023!

Fantastic atmosphere, great conversations, partying into the night - We had an absolutely wonderful summer party! Here you can get an impression yourself.
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CESOP – Fighting value added tax fraud

On 01.01.2024, the directive on fighting VAT fraud will come into force. This has an impact on various processes of a bank and its technical infrastructure.
Information

van den Berg Forum 2023

On 10.05.2023 we had our annual van den Berg Forum. Watch our impression video now!
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Press release: Acquisition of van den Berg and pdv by Main Capital Partners

With this press release we inform you about the acquisition of van den Berg by Main Capital Partners.
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Swiss Payment Forum

On 21.11.2022, the Swiss Payment took place in Zurich, where we gave a presentation on the topic of instant payments.
Impressions

15 years Payments-as-a-Service

The Aachener Zeitung has published an article about Foconis Payment and in particular the 15th anniversary with Payments-as-a-Service.
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Proposed legislation: Instant Payments Obligation

The European Commission presented its proposed legislation on instant payments this week
Article

Apple harvest 2022

Apple harvest at van den Berg with active support from the "Frauengruppe Herzogenrath"
Impressions

ibi Zahlungsverkehrsforum

On 06.10.2022, the payment traffic forum of ibi research took place in Frankfurt. At our booth, the participants could inform themselves about Payment-as-a-Service, Instant Payments and many other payment transaction topics
Impressions

Aachener Firmenlauf 2022

On 23.09.2022 the 9th Aachener Firmenlauf took place and the vdb team was there again
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vdb summer party 2022

On 12.08.2022 we celebrated our VDB Summer Party together with numerous colleagues!
Impressions

Swiss Payment Forum 2022

We are a partner of this year's Swiss Payment Forum 2022 on November 21 and 22 in Zurich. Christian Fink gives you a little insight into the topic in our video.
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Merry Christmas wishes the Vdb team

Our singing talents have recorded a song for you again this year. We hope you enjoy listening to the vdb song!
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18th imh Banking Congress KURS Interview with Christian Fink

In conversation with Christian Fink - "Verpflichtung für Instant Payments" Interview at the 18th imh Banking Congress KURS
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van den Berg will operate mass payment transactions for Volksbank eG – Die Gestalterbank in the future

In the future, more than 300 million transactions will be processed annually for Volksbank eG - Die Gestalterbank in the van den Berg data center.
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