Volante Technologies and SIA team up to boost instant payments in Europe
The agreement will allow banking and financial communities direct access to EBA Clearing’s RT1 and ECB’s TIPS via SEPA Instant Payments as a Service from Volante and SIAnet’s network infrastructure.
LONDON and Milan, italy, June 15, 2021 / PRNewswire / – Volante Technologies, the global leader in cloud payments and financial messaging, and SIA, European leader in high technology in payment services and infrastructures, controlled by CDP Equity, has signed a partnership agreement with allow banks, financial institutions and payment service providers to access instant payments, accelerate the adoption of digital payments in Europe.
Combining Volante’s SEPA Instant Payments as a Cloud Native Service with high-speed, secure, low-latency network infrastructure SIAnet will allow European banks and financial institutions to have direct access to the The pan-European activity of EBA Clearing real-time payment system RT1 and the Eurosystem TARGET Instant Payments Settlement (TIPS) service (the ECB and the national central banks of the euro area).
The partnership will allow banking and financial communities send and receive payments in less than 10 seconds for a maximum amount currently set at 100,000 euros per individual transaction, 24 hours a day, 365 days a year, in accordance with the SEPA instant transfer scheme of the European Payments Council (EPC).
Users of the Volante and SIAnet solution will benefit from cloud-based payment processing as a service, along with exceptional network infrastructure resiliency and performance. The service is also expandable with a wide range of additional payment types and schemes available, including SEPA Credit Transfer and SEPA Direct Debit.
Domenico Scaffidi, Vice-President, Global Industry and Regulatory Affairs, Volante Technologies mentionned, “The number of payment systems across Europe continues to climb. Our combined proposal significantly speeds up the process of connecting to these pan-European payment systems and platforms. As we are already SIAnet certified, banks can very quickly offer instant payments to their customers, and benefit from reduced project resources and implementation costs. The partnership will also allow joint customers to extend the service to other payment types beyond SEPA instant payments. ”
“The partnership with Volante Technologies is an important step in the implementation of SIA’s strategy to develop instant payments for banks and financial institutions by Europe and we are fully committed to supporting the success of this initiative. As part of the SIA partnership program, we will allow Volante Technologies customers direct access to pan-European payment platforms by leveraging the integration between a leading network infrastructure and an innovative cloud-based solution. declared Cristina Astore, SIA North West Europe and sales manager for the DACH region.
To learn more about the partnership, visit our SIA partner page.
Volante Technologies is the world’s leading provider of cloud payment and financial messaging solutions to accelerate digital transformation. We serve as a trusted partner to more than 100 banks, financial institutions, market infrastructures, clearing houses and corporate treasuries in 35 countries. Our solutions and services process millions of transactions and billions of dollars every day, fueling four of the top five investment banks, 40% of all U.S. commercial bank deposits, and 70% of global card traffic. As a result, our customers can stay ahead of emerging trends, become more competitive, deliver a superior customer experience, and grow their businesses through rapid innovation.
To learn more, visit www.volantetech.com
SIA – a subsidiary of CDP Equity – is a European leader in the design, creation and management of infrastructures and technological services for Financial Institutions, Central Banks, Companies and the Public Sector, in the areas of Card & Merchant Solutions, Digital Payment Solutions and Capital Market & Network Solutions. SIA Group provides its services in more than 50 countries, and also operates through its subsidiaries and branches in Austria, Belgium, Croatia, Czech Republic, Germany, Greece, Hungary, the Netherlands, Romania, Serbia, Slovakia, and South Africa. The company also has representative offices in the UK and Poland.
For more information: www.sia.eu/fr
SOURCE Volante Technologies, Inc.