LeasePlan Bank live with Instant Payments
On 23 March LeasePlan Bank successfully went live with Instant Payments via equensWorldline's Instant Payments CSM.
LeasePlan Bank is a saving bank in The Netherlands. After ABN AMRO, ING, Rabobank, SNS, ASN Bank, RegioBank , Knab and NWB, LeasePlan Bank is the 9th Dutch bank – and the first savings bank – becoming part of our IP CSM-community. The next step will be that LeasePlan Bank will be connected to TIPS (Target Instant Payment System) via our SMART routing service.
Sander Frons, Director LeasePlan Bank: “We are very pleased with the successful go live with Instant Payments. This is a big milestone for us and marks the end of a big project. With Instant Payments we meet the increasing demand of our customers to be able to exchange money and process payments instantly, allowing for almost immediate transfer of money between bank accounts.
As announced already in 2019, equensWorldline is the biggest processor of instant payments in the Eurozone, handling millions of instant payment transactions per week. The demand for instant payments is also increasing outside of Europe. Our Instant Payments CSM caters for this market demand and is established to enable banks and PSPs for Instant Payments Clearing and Settlement services; not only in Europe but also globally. Last year, the Central Bank of Aruba (CBA) contracted equensWorldline to provide a new central Instant Payments infrastructure replacing their current clearing & settlement system. Also the Centrale Bank van Curaçao en Sint Maarten contracted equensWorldline to switch to instant payments
The go-live of LeasePlan Bank with Instant Payments is the next step in strengthening equensWorldline’s position as the largest processor of Instant Payments in the Eurozone.