Equens and SECB extend agreement on interoperability to SDD

The arrangement supports both companies' SEPA offerings while helping to create a more competitive market by allowing banks to choose the processor that best meets their needs. It is the intention to go-live with SDD in 2011. Last year SECB and Equens already reached an on agreement on the processing of SEPA Credit Transfers (SCT), which is operational since 22 March 2010.

Michel Stuijt, General Manager Market Management: "Equens is delighted that SECB's has expanded the agreement for SDD. We are convinced that this is the concrete proof of a powerful partnership that will benefit both SECB and Equens, as well as our clients. The expanded foothold gained in Switzerland is a next step in the continued expansion of Equens' position throughout Europe. We are proud of our full reach proposition in Europe, and the various alternatives we are able to offer our clients in terms of interoperability".