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ABN signs Sepa deal

Antony Savvas

ABN Amro  has signed a deal with Equens to get SEPA debit card processing services for a period of five years, starting from 1 January 2009.

With the deal, the banking group will ensure that all of its debit card payments can be processed in the forthcoming SEPA (single Euro payments area) format. SEPA is scheduled to come into force in 2008.

Maarten Mol, ABN Amro’s corporate executive vice-president, said, “The choice of Equens as the payment processing partner to support ABN Amro in realising its international card ambitions, was based on outstanding price/quality performance in combination with their proven and reliable professional track record in card processing payment services and partnering.”

ABN Amro is the first client that has chosen Equens to deliver SEPA Card payment services.

Banks struggle over SEPA

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