equensWorldline supports ECB Instant Settlement
Today Worldline announced in a press release that its subsidiary, equensWorldline SE, welcomes TIPS – the Instant Settlement service that was recently announced by the European Central Bank.
equensWorldline will connect its European and national Instant Payments Clearing and Settlement services to TIPS from the first day TIPS is operational, thus providing easy pan-European reach to its connected banks and PSPs through one technical interface. This seamlessly fits with equensWorldline’s ambition to support the market in the easy and cost-effective implementation of Instant Payments.
Michael Steinbach, CEO of equensWorldline: "The connection to TIPS fits perfectly within equensWorldline’s vision that Instant Payments will be the new normal in payments processing. equensWorldline believes this will fundamentally change the way we pay. TIPS will allow national initiatives to be interconnected; this will ultimately lead to a new Global Instant Payments World."