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

Volante Technologies launches SEPA instant payments as a service on Microsoft Azure for RT1 and TIPS
17.06.2019 10:31 am

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

Payments

Volante Technologies Inc., a global provider of software to accelerate digital transformation and modernization, today announced that it is providing end-to-end SEPA (Single Euro Payments Area) instant payments processing as an on-demand managed service on 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.

Powered by VolPay, Volante’s ecosystem of business services for the entire payments lifecycle, the service allows any market participant to send and receive instant payments through TIPS and RT1, avoiding costly and time-consuming in-house deployment of RTP infrastructure projects. Institutions can instead focus on accelerating the delivery of new services to their end-customers, and speeding onboarding across a variety of retail and commercial use cases. 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. “They allow providers to go live with very low volumes while they fine tune their business cases, but still preserve their ability to keep up with market demand as volumes rise. Because instant payments are new, no migration from existing systems is required, significantly reducing implementation times.”

Domenico Scaffidi, Director of Business Development at Volante Technologies, added, “Demand from European institutions for rapid access to instant payments capabilities is on the rise. We are excited to be expanding our payment processing managed service with SEPA instant payments capabilities to meet this demand and to be certified by SIAnet as a multi-network solution delivering more choice for our customers.”

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.”

Related News

Juniper Research Study Finds, Digital Wallet Spend in Europe & North America to Increase by 40% in 2019

Consumer spend via digital wallets across Europe and North America will increase by 40% this year to nearly $790 billion, according to a new study from ... Read more »

Keynote speakers announced for 2019 P20 Global Payments Conference

P20 has announced the Agenda and first wave of keynote speakers for its global payments conference in London on 3rd October 2019.

The theme for this year’s conference is... Read more »

Where to buy Bitcoin for as little as £5 in the UK?

In the last 24 hours, it has been reported in Cointelegraph that Coinbase has suspended UK customer deposits via Faster Payments and is relying on international bank transfers... Read more »

Fingerprint Cards and Giesecke + Devrient Collaborate to Bring Contactless Biometric Payment Cards

World-leading biometrics company, Fingerprint Cards (Fingerprints™) and Giesecke + Devrient Mobile Security (G+D), a global mobile security technology company, are... Read more »

Alipay and Lyf Pay Join nexo standards

 nexo standards, the international association dedicated to enabling fast, interoperable and borderless payments acceptance, today announces that Alipay and Lyf Pay have become... Read more »

Klarna Partners with Fashion Superpower Superdry, and World Leading Payment Platform Adyen

British contemporary fashion brand Superdry and leading payments provider Klarna have today announced a perfect-fit partnership, enabled by Adyen. Superdry customers are now... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel