ABN AMRO and Equens renew transaction processing agreement

26-10-2010

ABN AMRO Bank NV and Equens SE signed a long-term contract for transaction processing. In doing so, ABN AMRO Bank has renewed its existing contract with Equens until 2015. The contract encompasses EMV-debit card issuing to ABN AMRO’s cardholders, and handling of its domestic payment transactions, European transfers (SEPA Credit Transfer) and European direct debits (SEPA Direct Debit). ABN AMRO previously concluded a contract with Equens for the processing of domestic payments (PIN and Chipknip) and SEPA payment products (Maestro, V-Pay).

Equens is pleased with the renewal of the contract. Michel Stuijt, General Manager of Market Management at Equens: "ABN AMRO Bank’s decision to choose Equens again as a transaction processor emphasises the confidence the two companies have in one another. Our price-quality ratio also played an important role. The deciding factor, however, was the decades-old cooperation between the two companies, which has continued into the SEPA era."

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