21 October 2017
visit www.avoka.com

Interpay outsources paper-based payments to Unisys

05 April 2004  |  3560 views  |  0 Unisys

Dutch payment processor Interpay has signed a five-year outsourcing contract, worth $110 million, with Unisys for the management of its paper-based payment services.

Interpay's document services business unit processes approximately 110 million paper-related payments a year for Dutch banks. One hundred and thirty Interpay staff will transfer to Unisys under the agreement.

Ben Haasdijk, CEO of Interpay, says the decision to outsource the operation is due to the decrease in paper-based processing in the Netherlands.

"Interpay would have had to increase Document Services' volumes by entering new European markets in order to guarantee continuity and a stable price-performance to customers," he says. "By transferring the activities to the Unisys utility, these volume increases can be realised."

Unisys says it will establish a business process outsourcing utility in the Netherlands that will tout for business from other financial institutions across continental Europe.

Scandinavian banking group Nordea last month outsourced the back-office handling of its paper-based payments services to Swedish BPO firm Tradimus.

Seperately, Unisys has released a new cheque processing hardware system designed to help US banks comply with Check 21 legislation. The vendor claims that tests of the new NDP Quantum Series in client environments have demonstrated up to 60% improvements in workload processing compared with previous NDP Series generations.
KeywordsOUTSOURCING

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

European funds transfer consolidation begins with creation of Sinsys

European funds transfer consolidation begins with creation of Sinsys

25 September 2003  |  5869 views  |  0 comments
Dutch competition watchdog sniffs around Interpay

Dutch competition watchdog sniffs around Interpay

17 April 2003  |  26829 views  |  0 comments
Interpay goes live with CR2 acquiring solution

Interpay goes live with CR2 acquiring solution

13 March 2002  |  3711 views  |  0 comments

Related company news

 

Related company information

equensWorldline SE

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10046 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8955 views comments | 13 tweets | 10 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
8948 views comments | 17 tweets | 20 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8040 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7722 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job