ABN AMRO Renews Contract by Three Years

Jan 30, 2013, 07:00 ET from Equens

UTRECHT, Netherlands, January 30, 2013 /PRNewswire/ --

Card Payment Processing Remains With Equens

ABN AMRO and Equens have signed a three-year contract for the processing of all of ABN AMRO's card payments. It concerns card payments by ABN AMRO cardholders as well as card payments of retailers holding an ABN AMRO bank account. The renewal of the contract is part of an earlier framework agreement between the two companies. Currently, Equens also handles giro payment processing for ABN AMRO Bank.

Marcel Leeflang, head of Payments, Cash & Cards at ABN AMRO: "Each year, well over 2 billion electronic payments are made. As a result, payments in the Netherlands are highly efficient. In addition to many years of experience in payments, Equens has a thorough knowledge of the Dutch market. Furthermore, Equens is continually working to improve the processing infrastructure, which benefits the reliability and continuity of payments."

Michel Stuijt, General Manager of Market Management: "We are pleased that ABN AMRO Bank has again selected Equens for the processing of its card payments. With the increased competition among payment processors in Europe, contract renewal is no longer a matter of course. Our cooperation is excellent, and reliable payments for cardholders and retailers are always our primary concern."

Editorial note

About Equens

Equens SE is the first pan-European, full-service payment processor. As one of the largest payment processors in Europe, it leads the market for future-proof payment and card solutions. Thanks to an extensive and competitive range of services, the company seamlessly meets the requirements and wishes of the European payments market. Equens supports the development of a single, uniform European payments market (SEPA), and is dedicated to the standardisation and harmonisation of European and global payments. With clients and partnerships in multiple European countries, it offers pan-European market coverage from offices in five countries - the Netherlands, Germany, Italy, Finland and the United Kingdom. With an annual processing volume of 10.3 billion payments and 4.2 billion POS and ATM transactions, Equens SE has a European market share of more than 12.5%.

For additional information on Equens, please visit http://www.equens.com .