What's new at George Business in October 2025?

Last Article Update 08.10.2025

October also brings important new features to George Business that will make your daily work easier and ensure greater security in payment transactions. This time, the focus is on the implementation of the new Instant Payment Regulation (IPR) with verification of payee and a customisable limit for instant payments (SEPA). This will make your transfers not only more flexible, but also more secure.

 

Instant Payments (SEPA) and Verification of Payee

With the new Instant Payments Regulation (IPR), which comes into force on 9 October 2025, payment transactions in Europe will be further harmonised. The aim is to make instant payments (SEPA) – i.e. transfers in euros within seconds – available and secure throughout the entire SEPA area.

For you as a George Business user, this means the following:

  • Instant payments in euros are possible at any time, in seconds and at no extra cost.
  • With the instant payments (SEPA) limit, you decide for yourself how much you want to transfer – flexibly, around the clock and completely under your control.

Another important component of IPR is the verification of payee. This verification gives you additional security, allowing you to detect typos or fraudulent entries at an early stage.

George supports you in this process and checks directly whether the account really belongs to the intended recipient.

Verification of Payee Verification of Payee

If you would like to learn more about verification of payee, you can find all the details in this Help Center article. You can find more information about the instant payments (SEPA) limit here.

Advisor Photos at George Business

As you may already be accustomed to as a George user, George Business now also displays photos of your advisors. This allows you to see at a glance who your contact person is. Because banking is personal.

PDF Reports for EBICS Accounts

In addition to traditional account statements, you can now also create camt.053-based PDF reports for EBICS accounts. These reports are a modern, clear alternative to traditional account statements and provide you with additional information – even for accounts held at other banks.

Your advantages at a glance:

  • Easy to read, complete and clearly structured
  • Contain all information from account statements, plus additional details
  • Free of charge and can be created as often as you like
  • Can be selected directly in the "Account statements" area under the new menu item "Account info"

This gives you a collective overview of your account movements – simple, clear and flexible.

Stay informed. We'll see you again next month. Until next time in November.

Author: Tamara Berger-Feichter