EBA Clearing

Volante Technologies launches SEPA instant payments as a service on Microsoft Azure for RT1 and TIPS

Retrieved on: 
Monday, June 17, 2019
Economy, Money, Finance, Payment systems, EBA Clearing, Single Euro Payments Area, Instant payment, SEPA, Paym, Microsoft Azure

Volante's SEPA Instant Payments as a service will provide all payment service providers (PSPs) certified access to the two principal pan-European schemes, EBA CLEARING's RT1 and ECB's TIPS, through the high-speed, secure messaging and low-latency SIAnet network.

Key Points: 
  • Volante's SEPA Instant Payments as a service will provide all payment service providers (PSPs) certified access to the two principal pan-European schemes, EBA CLEARING's RT1 and ECB's TIPS, through the high-speed, secure messaging and low-latency SIAnet network.
  • The service's multi-network architecture ensures that institutions can easily support both today's SEPA instant payments networks and future ones, without onerous rework.
  • "Managed service approaches are an ideal fit for instant payments," noted David Bannister, Senior Analyst, Aite Group.
  • Janet Lewis, VP Worldwide Financial Services, Microsoft, said, "Volante's cloud-based payments services provide significant benefits to clients, and we are delighted they have chosen Microsoft Azure to host their SEPA instant payments as a service."