22 July 2018
Visit www.gemalto.com

Equens bags OP Bank payments outsourcing mandate

16 May 2007  |  5656 views  |  0 Digital Abstract

Pan-European payments processor Equens has won a contract to provide outsourced payments transaction services to Finland's OP Bank Group.

Equens says as of mid-2007 it will process EU regulation payments on behalf of OP Bank on its ZVS processing platform. Non-EU regulation payments will be processed by Equens at the end of 2007.

Equens says OP Bank is the first Finnish bank to outsource payment processing to a foreign service provider.

In order to tap further into the Finnish market, Equens has opened a representive office in Helsinki, which will also target business in the Scandinavian and Baltic regions.

Equens was created last year by the merger of Dutch payments body Interpay and Germany's Transaktionsinstitut and was established in response to Sepa, which aims to dismantle cross-border barriers and reduce costs for non-cash euro payments.
KeywordsSEPA

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

Failed Sepa transactions to cost banks EUR1.3bn

Failed Sepa transactions to cost banks EUR1.3bn

19 April 2007  |  8495 views  |  0 comments
Sepa costing more than expected; credit card schemes are set to benefit

Sepa costing more than expected; credit card schemes are set to benefit

27 February 2007  |  12239 views  |  0 comments
ABN Amro selects Equens for Sepa debit card processing

ABN Amro selects Equens for Sepa debit card processing

26 January 2007  |  9937 views  |  0 comments
Equens axes 400 jobs

Equens axes 400 jobs

25 January 2007  |  9136 views  |  0 comments
Europe's banks will miss Sepa direct debit deadline, says Hartsink

Europe's banks will miss Sepa direct debit deadline, says Hartsink

08 January 2007  |  15041 views  |  0 comments

Related company news

 

Related company information

equensWorldline SE

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13572 views comments | 6 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11245 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10113 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7448 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7267 views comments | 2 tweets | 7 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job