Banque Raiffeisen taps Worldline for instant payment processing
By Gloria Methri
Worldline has signed a contract with Banque Raiffeisen to provide a cloud-based instant payments solution in Luxembourg. Worldline already works closely with Banque Raiffeisen, providing services including Clearing and Settlement of SEPA Credit Transfers, Issuing Processing and ATM Acquisition.
With this new agreement, Worldline will provide the bank with the means to send and receive instant payments as mandated by the EU’s Instant Payments Regulation.
Using Worldline’s modern cloud infrastructure, the bank will benefit from smarter and quicker onboarding processes. It will also benefit from TIPS connectivity and Worldline’s value-added services for transaction sanction screening and stand-in account checks.
Beyond the full range of services required to comply with the EU’s Instant Payments Regulation, Worldline provides its customers with comprehensive end-to-end solutions for instant payments.
Worldline’s cloud-based instant payments solution provides enhanced capabilities through API connectivity, reducing integration complexity. It also empowers banks to be available for clients 24/7/365, encouraging swifter adoption by clients and customers, ultimately supporting their regulatory compliance and their growth journey.
Sheri Brandon, CMO of Financial Services at Worldline, said, “The announcement of this further agreement between Worldline and Banque Raiffeisen is significant, as it represents our first cloud-based instant payments client in Luxembourg. Through our offering, Banque Raiffeisen will benefit from a comprehensive instant payment solution and a fast time-to-market that provides added value. We look forward to working more closely with Banque Raiffeisen in new and exciting ways.”
Eric Peyer, ExCo Member at Banque Raiffeisen, said, “We have signed this agreement with Worldline, a valued partner for the clearing and settlement of SEPA payments for over 15 years because we are confident that this allows us to smoothly implement instant payments in line with the regulatory requirements and deadlines. With instant payments, we intend to complete the range of payment services we offer to our clients and be prepared for future developments in peer-to-peer and point-of-sale payments.”
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