Banque Raiffeisen SC of Luxembourg selects Equens SE for its SEPA payment processing

The five-year agreement comprises the processing of all Banque Raiffeisen's SEPA Credit Transfer transactions. As part of this agreement Banque Raiffeisen will become part of Equens' CSM community. Banks outside the Equens community can be reached via Equens' bilateral inter-CSM agreements or the connection from Equens with EBA, the so called EBALink. With this total solution Equens is offering Banque Raiffeisen full SCT reach for a competitive price. The companies will start exchanging information on Equens' SEPA Direct Debit (SDD) solution soon.

Equens CSM community offers a major advantage by frequent parcel settlement at least once every half hour. Parcel settlement enables frequent determination of the amounts owed between banks, thereby making an important contribution to effective cash management for both banks and businesses. Credit risks are avoided and booking information can be supplied frequently and quickly through data communication, making it possible for banks to inform their clients promptly regarding their current balances."