equensWorldline to process instant payments for de Volksbank
New paytech project for equensWorldline in the Netherlands
De Volksbank, a major banking group in the Netherlands, has chosen equensWorldline to process its immediate payments transactions.
De Volksbank is a holding company that has four domestic bank brands: ASN Bank, BLG Wonen, RegioBank and SNS.
The paytech firm says the group will be among the first in the country to offer instant payments to its clients, supported by the equensWorldline Instant Payments Back Office Processing service.
It will be delivered on a hosted, Software-as-a-Service (SaaS) basis.
The five-year deal is an extension of the earlier agreement, signed in December last year, with equensWorldline becoming de Volksbank’s partner for instant payments clearing and settlement.
Terry Smit, manager, payments and savings at de Volksbank, says equensWorldline “offers outstanding value for money, a fast time to market and has a track record in offering demanding and critical services”, hence the decision in its favour. Smit also flags the vendor’s “simple and transparent price structure” and a “modular and future-proof concept of services”.
