equensWorldline renews service agreement with Rabobank

By Megha Bhattacharya

Worldline’s subsidiary equensWorldline today announced the renewal of its service agreement with Rabobank with an aim to continue offering its range of payment services to the Bank and continue the processing of transactions. equensWorldline has been providing Rabobank with a range of services including Acquiring and Issuing services to iDEAL1 and processing of SEPA credit transfer, including Instant Payments, and SEPA direct debit.

Nico Strauss, Tribe Lead B2B Services at Rabobank, said, “As a cooperative bank, Rabobank wants to contribute to the long-term growth of individuals, sectors and society as a whole. The reliable services of equensWorldline form a strong foundation for our work. This strategic cooperation supports us in further delivering on our mission.”

Recently, Rabobank announced a partnership with digital pricing and intelligence firm Brilliance Financial Technology in a bid to leverage the FinTech’s DealPoint solution for automating and streamlining pricing across its wholesale bank ecosystem. The deal management and relationship pricing solution, DealPoint is also expected to assist Rabobank in managing its commercial engagement process in wholesale banking.

Andrej Eichler, Chief Market Officer at equensWorldline, said, “We are very proud to extend our partnership with Rabobank, which is a clear sign of trust and appreciation. The two companies have grown together over the course of many years of cooperation. We look forward to continue supporting Rabobank with our high-performance services in the future and to be their innovative and pro-active partner for the accelerating digital transformation.”

Last year, equensWorldline stated that the banking community in Aruba has switched to Instant Payments (IP) through the Clearing and Settlement Mechanism (CSM) of the Centrale Bank van Aruba (CBA), a service implemented by the payment solutions provider. Post-switch, all interbank payments initiated in Aruba is expected to be instantly processed. The supplier states that the IP CSM is compliant with the international standards as well as ISO20022.