ABN AMRO chooses SIA to access instant payments 21 March 2018Milan Reporter: Jenna Lomax
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Netherlands-based ABN AMRO has chosen SIA’s platform SIAnet to access instant payments.
SIAnet is designed to meet the requirements of instant payments in terms of security, reliability and ease of integration with single euro payments area’s (SEPA’s) instant credit transfer scheme, created by the European Payments Council.
According to ABN AMRO, as of 21 November last year, its clients can execute instant payments up to 15,000 euros in less than 10 seconds to other banks that participate in instant payments.
Cristina Astore, director of SIA’s international division, said: “The success in the ABN AMRO bid further strengthens SIA’s position at international level and proves the technological capabilities of its network services solutions.”
She added: “We continue to leverage our developments of real time 24/7 solutions enabling our customer to easily benefit from new instant payments services”.
Sandra Peute, business developer for SEPA Payments at ABN AMRO, commented: “ABN AMRO is very pleased with the service quality and operational excellence of SIA. We are looking forward, with much confidence, to a substantial growth of instant payments in Europe.”
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