Volante Technologies is to provide end-to-end Single Euro Payments Area (SEPA) instant payments processing as an on-demand managed service on Microsoft Azure.
Volante’s SEPA Instant Payments as a service will provide all payment service providers certified access to the two principal pan-European schemes, EBA Clearing’s RT1 and European Central Bank (ECB) TARGET instant payment settlement (TIPS), through the SIAnet network.
Powered by VolPay, Volante’s Instant Payment service allows any market participant to send and receive instant payments through TIPS and RT1, an infrastructure solution for the processing of instant SEPA.
Domenico Scaffidi, director of business development at Volante Technologies, commented: “Demand from European institutions for rapid access to instant payments capabilities is on the rise.”
He added: “We are excited to be expanding our payment processing managed service with SEPA instant payments capabilities to meet this demand and to be certified by SIAnet as a multi-network solution delivering more choice for our customers.”
Janet Lewis, vice president of worldwide financial services at Microsoft, said: “Volante’s cloud-based payments services provide significant benefits to clients, and we are delighted they have chosen Microsoft Azure to host their SEPA instant payments as a service.”
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