Worldline launch Instant Payments software package with BRED
Today, Worldline issued a press release, announcing that BRED – a large cooperative bank – has selected the CRISTAL Instant Payments licensed software package from Worldline for the implementation of its Instant Payment platform.
The new platform must provide fast and secure real-time processing of transactions in accordance with the standard established by the European Payments Council for the new payment instrument. CRISTAL Instant Payments will process Instant Payments instructions acquired via the bank's digital channels up to the point of exchange for final settlement. It integrates within the BRED information system in order to post transactions to customers' accounts in real time and to validate compliance with counter-terrorism, anti-money laundering and anti-fraud regulations.
Rémi Tanon, Head of Innovation and Market Infrastructure Projects at BRED Banque Populaire said:
This project aims at strengthening our leadership position in cash management by offering our customers a modern, secure and instant payment method that will support the development of our innovative digital banking offerings. We chose the Worldline solution because of the relevance of its functional scope and of our successful experience using the Cristal platform.
Download press release
You can download the full press release (available in multiple languages) below, or read it on the Worldline website.