Last Article Update 17.11.2025
After all the regulatory updates last month - including Verification of Payee for SEPA transfers - George Business is taking a short break from launching new features in November. Which makes this a good opportunity to give some guidance on two topics that led many to the George Business Helpdesk the past few weeks: Verification of Payee as a recipient, and issues with multibanking (EBICS) connections.
Verification of Payee for SEPA transfers have already become part of everyday business. But questions might still come up when partners or customers try to pay you:
How to avoid warnings, issues or confusion during transfers? What to do if your well-known brand name is different than the name listed in your account?
We put together some tips and advice, including how to register an alias for your company name that will be recognised as a match during Verification of Payee:
What you should know about Verification of Payee as a recipient
EBICS (Electronic Banking Internet Communication Standard) has replaced the common MBS (Multibanking Standard) for multibanking connections. Once you set up a EBICS connection, you'll be able to view and sync your accounts with other banks via George Business - and of course make transactions.
The still-fresh EBICS standard is very complex, and being rolled out by banks in Austria, Germany, Switzerland and France.
We're aware that there have been issues and question marks around payments via EBICS connections. Many of these cases have little to do with George Business or Erste Bank und Sparkasse, and are caused by implementation issues by the "other" banks. Still, we want to help you with a full list of current use issues, including what causes them and how you might be able to fix them:
Troubleshooting Guide: EBICS connections for accounts with other banks (German only)
We will, of course, update you with more explainers and advice on the George Business EBICS help pages.
Author: Dag Erik Zimen