17 December 2017
visit http://response.ncr.com

Rabobank renews Unisys payment services deal

25 July 2007  |  1637 views  |  0 Source: Unisys

Unisys Corporation (NYSE:UIS) today announced that Rabobank, one of the largest financial services providers in The Netherlands, has extended its business process outsourcing contract with Unisys Payment Services and Solutions (UPSS).

The extension, signed in June 2007, covers all paper-related payment transactions for two additional years through December 31, 2012.

"Extending and strengthening our relationship with UPSS allows us to continue to benefit from shared utility resources in an outsourcing arrangement that provides scale for added efficiencies, lower costs, and greater process optimization," said Thea van Bommel at Rabobank. "Unisys is an important partner since its investments in technology and innovative new services help Rabobank to stay focused on our core business and stay ahead in an ever-changing payments world."

UPSS, a subsidiary of Unisys Corporation, automates giro (paper-based, check-like payments) processing and money transfer forms for Rabobank and other clients. UPSS now processes more than 100 million paper-based payment transactions a year for European banks and has a market share of approximately 50 percent in the Netherlands.

Rabobank's contract extension and new security services come as UPSS and Unisys continue to expand payment operations and solutions for financial institutions around the world. Unisys recently launched its Open Payments Platform and other payment solutions, for example, and secured a significant related engagement in May in the United States. UPSS also signed additional contracts with other European banks over the past few months.

"Unisys looks at common business processes across an entire enterprise to help financial institutions better manage payments and more easily plan for the impact of global epayments trends and initiatives that will significantly affect their business," said Rob Fopma, managing director of UPSS. "With the introduction of fraud detection and prevention solutions, and offerings related to SEPA - the Single European Payment Area - and other new services, UPSS more and more is seen as a partner that can bring added value to a bank's business."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

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

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10633 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10264 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7616 views comments | 10 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7330 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6750 views 0 | 4 tweets | 2 linkedin

Featured job

Find your next job