24 August 2017
visit www.avoka.com

Rabobank readies for real-time payments

19 January 2017  |  7879 views  |  0 Rabobonk head office building 1

Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide.

With the onset of new instant payment schemes across Europe imminent, the Dutch co-operative has been shopping around for a real-time payments hub capable of handling domestic NL instant payments processing as well as pan-European instant payments.

Available via a SaaS delivery model or on-premise, ACI’s UP Immediate Payments provides connectivity and processing for the local and pan-European Sepa Instant Credit Transfer schemes (SCT Inst)The product features enhanced functionality specifically for the management and processing of real-time payments, including exceptions handling, business intelligence and monitoring dashboards.

The installation at Rabobank comes on the heels of ACI’s launch yesterday of its latest version of UP Immediate Payments, which offers a single point of access to all Immediate Payments schemes globally.

Dutch banks have committed to the introduction of domestic real-time payments by 2019, while the European Payments Council's SCT Inst programme is set for roll-out in November of this year.

Erik Kwakkel payment EVP at Rabobank bills real-time as the future of payments processing. "We need to offer our customers superior solutions that keep us competitive with the new entrants in financial services,” he says. “ACI's UP Immediate Payments solution offers the high performance and availability capabilities we seek, while its multi-scheme support ensures we have the flexibility to adjust to market evolution and adopt new scheme capabilities in the future.”

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

EBA Clearing begins testing instant payments system

EBA Clearing begins testing instant payments system

18 January 2017  |  5743 views  |  0 comments | 6 tweets | 27 linkedin
ECB consults on development of pan-EU settlement service for instant payments

ECB consults on development of pan-EU settlement service for instant payments

10 January 2017  |  9351 views  |  1 comments | 18 tweets | 40 linkedin
Hungary presses the button on instant payments

Hungary presses the button on instant payments

21 December 2016  |  12374 views  |  0 comments | 16 tweets | 16 linkedin
EPC: Pan-European instant payments set for November 2017

EPC: Pan-European instant payments set for November 2017

30 November 2016  |  9071 views  |  2 comments | 19 tweets | 31 linkedin
Rabobank to build online P2P platform linking private banking customers with SMEs

Rabobank to build online P2P platform linking private banking customers with SMEs

15 June 2016  |  14060 views  |  2 comments | 34 tweets | 35 linkedin
Rabobank's MyOrder app drives mobile refuelling

Rabobank's MyOrder app drives mobile refuelling

13 April 2016  |  10631 views  |  1 comments | 10 tweets | 9 linkedin
Rabobank to lay off 9,000 staff

Rabobank to lay off 9,000 staff

11 December 2015  |  6546 views  |  0 comments | 10 tweets | 7 linkedin
Dutch banks set 2019 target for instant payments

Dutch banks set 2019 target for instant payments

03 June 2015  |  12271 views  |  5 comments | 21 tweets | 31 linkedin
Rabobank rolls out mobile wallet

Rabobank rolls out mobile wallet

12 February 2015  |  12470 views  |  9 comments | 16 tweets | 17 linkedin

Related company news

 

Related company information

ACI Worldwide

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.abe-eba.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
21129 views comments | 43 tweets | 88 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12068 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11414 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11211 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10884 views 0 | 7 tweets | 1 linkedin

Featured job

Find your next job