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Worldline, DFM partner to boost instant payments, clearing, and settlement

Tuesday 27 September 2022 11:21 CET | News

The Netherlands-based financing partner for enterprises DFM has chosen global player in payment services Worldline to be its instant payments and clearing & settlement mechanism partner. 

The partnership allowed Worldline to successfully implement its payments programme within nine months, and now is the sole handler of instant payments and back-office processing services for DFM through its payment license partner, Volkswagen Bank.

Reducing costs and complexity

By choosing Worldline as its partner, DFM now has access to the former’s Instant Payments Clearing & Settlement mechanisms, as well as the Instant Payments back-office. The service is part of Worldline’s large back-office processing product portfolio, together with other useful tools that handle additional payment types, including SEPA, high-value, and multi-currency payments.

Worldline’s modular European Payments Council (EPC) and PSD2 compliant portfolio is designed to seamlessly be used by any bank no matter its size and can be easily implemented in nine months, reducing costs and overall complexity at a European level. This allows customers like DFM to quickly access the benefits of outsourcing and help their end-customers enjoy solid and future-focused solutions. 

Outsourcing back-office services has proven a useful and business-oriented technique adopted by various companies and banks of all sizes, as it allows them to access new operating models for their payments processing businesses, lowering costs and reducing friction and complexity at the same time. 

The partnership between Worldline and DFM can boost the latter, allowing it to position itself better strategically and accelerate digitalisation among end-users, while focusing on a complex and qualitative user experience.

The Netherlands-based financing partner for enterprises DFM has chosen global player in payment services Worldline to be its instant payments and clearing & settlement mechanism partner.

 

About the companies

Worldline is an active member of the global payments industry and the technology partner of choice for merchants, acquirers, and financial institutions, including banks. It counts for over 20,000 employees in 50 countries across the world and provides its clients with sustainable and innovative solutions to help them grow. Among the services covered, Worldline offers instore and online commercial acquiring, secured payment transaction processing, and various other digital services. 

At the same time, DFM is a European auto financing services company that serves customers in the Netherlands across various verticals, including stock, mobile fleet, and real estate. Among its products, DFM offers financing solutions for both companies and individuals and works together with Volkswagen Pon Financial Services. 

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Keywords: partnership, online payments, payments , payment processor, financial services, financial institutions, financial inclusion, instant payments, SEPA, payout, PSD2, European Payments Council
Categories: Payments & Commerce
Companies: DFM, Worldline
Countries: Europe
This article is part of category

Payments & Commerce

DFM

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Worldline

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