18 December 2017
visit www.avoka.com

Bank JV Transactis extends to wire transfers and direct debits

21 June 2016  |  3402 views  |  0 Server farm

Transactis, the card processing joint venture created by Societe Generale and La Banque Postal, is to expand its operations to cover European and international wire transfers and direct debits.

Formed in 2007 via the merger of the card processing operations of Société Générale and La Banque Postale, Transactis currently handles 22% of payment card transfers in France.

The two banks have contracted with Sopra to extend the shared platform to wire transfer and direct debit transactions in a bid to address emerging issues around instant payments and mobile banking.

They say the new platform will reduce item processing costs for both banks and could come to act as a utility-based service accessible by other banks in Europe.

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

French banks team on e-payments service

French banks team on e-payments service

17 September 2013  |  7146 views  |  0 comments | 16 tweets | 11 linkedin
Société Générale and La Banque Postale form e-payments venture

Société Générale and La Banque Postale form e-payments venture

10 January 2008  |  12720 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.ebaday.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11359 views comments | 3 tweets | 4 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10547 views comments | 21 tweets | 26 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7849 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7708 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7525 views comments | 6 tweets | 26 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job