Aritma Pay

Get ready for the Telepay phase-out

With Aritma Pay, over 100 Norwegian businesses are already prepared for the transition without having to change their ERP system.

The bridge between your system and banks

Aritma Pay serves as a conversion service, acting as a bridge between your business and the bank. It seamlessly converts outdated payment formats like Telepay to the new ISO 20022 XML-standard.

This allows your business to continue using Telepay while Aritma Pay manages all the conversion and communication with the bank.

Your system

  • ERP

  • Payroll system

  • Other expert systems

Telepay
Bankgirot

ISO 20022 XML
Open Banking API

Your bank

Getting started is easy:

1. Introduction meeting

We initiate a brief meeting where we assess your needs, familiarize ourselves with your systems, and discuss the optimal timeline for implementation.

2. Installation and testing

Once you have reviewed and approved our solution proposal, we schedule a time for installation and send test payments to ensure everything is functioning as intended.

3. You’re all set!

Aritma Pay now communicates seamlessly with the bank and your ERP system, managing the new ISO 20022 format on your behalf. You can continue your work as usual while we handle the rest.

When is Telepay being phased out?

Norwegian banks are moving towards a complete transition to SEPA (Single Euro Payments Area) where the new format is ISO 20022 XML.

In other words, Telepay will soon be deprecated.

It is crucial to take action now, as the process can be time-consuming, and it is advisable to complete the transition in time for the spring of 2024.

March 31, 2024

June 30, 2024

October 1, 2024

June 1, 2024

140
Billion Euros
Our robust system manages and processes an annual volume of over 140 billion Euros.
40,000
Companies
Over 40,000 companies trust Aritma for their financial needs, making us a leader in the industry.
100,000
Bank Accounts
Aritma manages more than
100 000 bank accounts on behalf of business customers.
250
Banks
Aritma's 250+ bank integrations in the Nordics and beyond drive our market-leading customer solutions.

Plans & Pricing:
Aritma Pay

Small

Fra:

NOK 2.500 / month

Includes:

1.000 Outgoing payments / month

1.000 Incoming payments / month

Excess transactions:

NOK 2,50 / Outgoing payment

NOK 2,50 / Incoming payment

Medium

Fra:

NOK 5.000 / month

Includes:

2.500 Outgoing payments / month

2.500 Incoming payments / month

Excess transactions:

NOK 2,00 / Outgoing payment

NOK 2,00 / Incoming payment

Large

Fra:

NOK 8.750 / month

Includes:

5.000 Outgoing payments / month

5.000 Incoming payments / month

Excess transactions:

NOK 1,75 / Outgoing payment

NOK 1,75 / Incoming payment

Enterprise

From:

Contact us

What others are saying about Aritma

The collaboration has worked very well. Aritma has managed to understand our unique challenges and has guided us safely and quickly in a critical area for our business.

Espen Hytta

Director of IT Corporate Services

Aritma Pay is a seamless third-party solution. The implementation from Aritma's side was efficient, and the best part is that our online banking and ERP users don't experience any changes in their daily workflow after transitioning to the ISO format.

Anita Hagen

Senior Treasury Controller

Work smarter and reduce your costs

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Effortless and automatic conversion of file formats.

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Approve and manage payments from all your banks through the Aritma Pay Portal.

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Automatically close open entries with return files from the bank, pre-formatted for your system.

The benefits of Aritma Pay

Minimize risk

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Keep sensitive information secure and prevent misuse of data.

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Reduce human errors in manual handling of payment files, ensuring payments are delivered in the correct format to the bank.

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Achieve high data quality in all communications with your banking partners.

Book demo

Book a free demo

Leave your contact information, and we'll get in touch with you to demonstrate the value that Telepay conversion can bring to your business.

Artima Pay

Aritma Pay is the ideal solution for businesses seeking a seamless transition from Telepay to the new ISO 20022 XML-standard.

It allows for easy conversion between Telepay and ISO 20022 without the need to upgrade existing payment systems, ensuring a smooth and straightforward switch for businesses.

Beyond converting from Telepay to ISO 20022, Aritma Pay also offers standardized bank integration and automated accounting by streamlining manual payment processing routines.

What is Telepay?

Telepay is a standard file format for remittance (transfer of payment information) between, for example, accounting systems and banks. The file format is a Norwegian standard that can be used for both domestic and international payments.

Developed in the late 1980s, Telepay has historically been Norway’s most widespread payment format. With the adoption of ISO 20022 as the new standard, the management of Telepay by banks and Bits has ceased, leading to its discontinuation on various dates by different banks.

Norwegian banks have set an end-date for Telepay:

DNB: 31.03.2024
SEB: 01.06.2024

Nordea: 30.06.2024

Sparebank 1: 01.10.2024

Does your company still use Telepay?

Many large companies still use Telepay, especially those with on-premise ERP systems or specialized systems supporting payment processing. These systems can be challenging to maintain and upgrade.

If you don't yet have a plan for transitioning to ISO20022, time is of the essence.