UTRECHT, the Netherlands, December 9, 2014 /PRNewswire/ --
First Banks Adopt Future-proof Commerce Transactions Routing Platform
Several banks have contracted Equens as their service provider for eMandates, having signed long-term contracts with the company. By entering into these partnerships, they are among the first banks in the Netherlands to take active steps towards offering eMandates to businesses and consumers. eMandates are the electronic version of direct-debit mandates and will eventually replace the traditional paper process. Consumers can use eMandates to online authorise companies via their online bank environment to debit their account using secure methods. The introduction of the eMandates product meets the growing market demand for conducting business online as much as possible, as well as being in line with the digitisation trend in payments and identification.
In order to facilitate eMandates, Equens developed a future-proof commerce transactions routing platform as part of its strategy to support as many different channels as possible (including Point-of-Sale, web and mobile). The platform Equens developed for eMandate transactions will soon also be equipped to process other types of transaction flows, such as iDEAL payments and digital identity transactions.
The cooperating Dutch banks have agreed on the standard to be used for eMandates, in order to accelerate and facilitate the collection and management of direct-debit mandates for consumers and businesses in a secure manner. By mid-2015, consumers will be able to issue the first eMandates, via a user-friendly process that works similar to iDEAL payments.
Marlies van Elst, General Manager Marketing & Sales: "The world of payments is rapidly changing. We are aware of the complexity faced by financial institutions due to the arrival of new technologies and payment products. With our new, future-proof routing platform, we are helping our clients to effectively respond to new trends and developments. Our platform is equipped to process a variety of European solutions and payment schemes, including eMandates, iDEAL, e-ID and MyBank."
About Equens
Equens SE is one of the largest payment processors in Europe, leading 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, the company offers pan-European market coverage from offices in five countries – the Netherlands, Germany, Italy, Finland and the United Kingdom. And with an annual processing volume of 10.6 billion payments and 4.7 billion POS and ATM transactions, Equens SE has a European market share of more than 12.5%.
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Equens SE
PO Box 30500
3503 AH Utrecht
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The Netherlands
http://www.equens.com
SOURCE Equens SE
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