De Volksbank will be one of the first Dutch banks to offer instant payments to its clients which are supported by the Instant Payments Back-Office Processing service of equensWorldline. The contract will initially be for five years.
De Volksbank is a Dutch holding which has four customer-oriented bank brands: ASN Bank, BLG Wonen, RegioBank and SNS. The bank announced last December that equensWorldline had been selected as their instant payments Clearing & Settlement Mechanism partner. De Volksbank has now additionally chosen the Instant Payments Back-Office Processing service from equensWorldline.
De Volksbank will use a software version (software-as-a-service [SaaS] model) for their instant payments service. The instant payments service is part of the extensive and modular Back-Office Processing product portfolio of equensWorldline, which also handles other payment types such as SEPA, high-value and multi-currency payments. This modular EPC and PSD2 compliant portfolio can be used by any bank, large or small.
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