Equens’ payment systems are able to process large SEPA payment volumes, but with less than a year to go until the SEPA end date many market participants have not yet prepared themselves for the final migration. As a result, in 2012 SEPA payments accounted for only 4.3 percent (446 million out of 10.4 billion) of all payments processed by Equens.
Equens has been processing SEPA transactions since 28 January 2008, when its systems were adapted in accordance with the related international agreements made with the European Payments Council. Consequently, Equens already has five years of practical experience with the processing of both SEPA Credit Transfer and SEPA Direct Debit transactions. Equens currently deals with around 250 specifications of the SEPA standard and processes SEPA transactions for banks and between clearing & settlement parties from sixteen countries, with Belgium, Finland and Germany delivering the highest volumes.
Equens processes an annual volume of 9.9 billion payments and 4.1 billion POS and ATM transactions. The company offers pan-European market coverage from offices in four countries such as the Netherlands, Germany, Italy and Finland.
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