21 July 2018
Visit www.avoka.com

Bred selects Worldline for instant payments

29 May 2018  |  1742 views  |  0 Source: Worldline

BRED has selected CRISTAL Instant Payments licensed software package from Worldline [Euronext: WLN], the European market leader in payment and transaction services, for the implementation of its Instant Payment platform.

The new platform must provide fast and secure real-time processing of transactions in accordance with the standard established by the European Payments Council for the new payment instrument. CRISTAL Instant Payments will process Instant Payments instructions acquired via the bank's digital channels up to the point of exchange for final settlement. It integrates within the BRED information system in order to post transactions to customers' accounts in real time and to validate compliance with counter-terrorism, anti-money laundering and anti-fraud regulations.

CRISTAL Instant Payments has been defined by the CRISTAL Users Group through working meetings organised by Worldline. It fits in with the technical and business requirements, the main one being to implement agility in response to the uncertainties that remain for both the pace of adoption by end customers and the payment market segments that will be the most strongly impacted.

This requirement is fully supported by the innovative design of CRISTAL Mass Payments Highway, Worldline's retail payment software package that is the proven foundation for CRISTAL Instant Payments.

This design already ensures that CRISTAL Instant Payments will allow many features to be tailored to the specificities of the different types of future use cases and will meet in the long term the challenge of high performance at optimized processing costs. The very high scalability of the software package is an additional asset in the definition of a business model in relation to the pace of the new instrument's adoption.

Rémi Tanon, Head of Innovation and Market Infrastructure Projects at BRED Banque Populaire said: "This project aims at strengthening our leadership position in cash management by offering our customers a modern, secure and instant payment method that will support the development of our innovative digital banking offerings. We chose the Worldline solution because of the relevance of its functional scope and of our successful experience using the Cristal platform".

Pascal Dehaussy, Head of Worldline Financial Services in France said: "We are delighted and honoured by BRED's confidence in selecting our Instant Payments licensed software package. This is a new step in the partnership relationship we have established together years ago. And for Worldline, this represents the outcome of the work performed in order to offer the market a solution that meets the challenges of the new modern payment instrument wanted by the European banking community. It also confirms the leadership position of our CRISTAL licensed software package. "

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

equensWorldline SE

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit info.nice.comVisit 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
13081 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10688 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9857 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6967 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6808 views comments | 2 tweets | 7 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job