Equens N.V. and Seceti S.p.A. — a subsidiary of the ICBPI Group in Italy — agreed on collaborating to clear their SEPA “cross community” payments via Equens and Seceti as of 1 January 2008.
The collaboration will allow both payment processors to offer European banks an alternative for clearing their payments throughout Europe.
Clearing of payments means determining the amounts banks owe each other. After clearing, payments will be settled by the central banks.
“According to our strategy we will offer a variety of clearing possibilities via e.g. an Equens clearing community, collaboration with partners and other ways to ensure reachabilty and interoperability,” says Michael Steinbach, chairman of Equens’ Board of Directors. “We can act as a single point of entry for our clients.”