Commerzbank ready to receive Instant Payments – Major milestone in partnership
equensWorldline announced a strategic partnership with Commerzbank in July 2018. The partnership reached a major milestone on 26 February 2019 with enabling Commerzbank to receive Instant Payments for its customers.
The introduction of instant payments, the new pan-European scheme that enables money transfer within seconds, is especially noteworthy since all banks in Europe are preparing themselves for instant payments. Commerzbank will make full use of this trend by outsourcing the complexity, regulatory burden, operational risk and high costs of payments processing to the specialist equensWorldline, allowing the bank to focus on the needs of its customers.