STET and ACI Worldwide have been working together since 2017, offering banks and payment service providers (PSP) across Europe a seamless, end-to-end solution for the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme.
STET and ACI Worldwide have been working together since 2017, offering banks and payment service providers (PSP) across Europe a seamless, end-to-end solution for the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme, thus facilitating the transfer and settlement of instant payments with full pan-European reachability and contributing to making instant payments a strong foundation towards a unified European payment means. STET’s platform uses Real-Time Payments in a SaaS environment, offering sophisticated routing and processing capabilities to enable its 20 member banks to connect directly to the European schemes, TIPS and RT1, hence providing full pan-European reachability and interoperability for instant payments.
See how an end-to-end instant payments solution featuring accelerated go-to-market timing lowers the cost of infrastructure investment.
“By leveraging ACI’s state-of-the-art technology, banks and PSPs across Europe can connect to STET’s Instant Payments CSM quickly and cost-effectively provide broad European reachability”
Regis Folbaum CEO, STET
Align with ACI and the largest clearing system in Europe
ACI currently powers 26 domestic and pan-regional instant payment schemes across six continents – including 10 central infrastructures – providing solutions to central banks, participant banks, fintechs, and other payment service providers. Globally, ACI covers approximately one-third of the countries that offer instant payment services, reaching about 3 billion people served by various organizations, including central governments, payment networks, banks, financial institutions, and fintech companies.
The collaboration between Europe’s leading payments processor STET and ACI Worldwide, a leading global provider of real-time payments software, means financial institutions and PSPs can go to market faster with an existing payment switch and pre-integrated gateway solution for cloud and on-premises deployment options.
30 billion transactions annually handled by STET
100% of French and Belgian banks served by STET
25 billion Euros per day handled by STET
STET is a critical operator for its clients, the banks and the banking communities it serves every day. As a Systemically Important Payment System (SIPS), STET commits to respecting the highest level of security, rigour, and transparency. Since its creation 20 years ago, STET’s vision is that European harmonisation will not preclude market diversity. Hence, we develop flexible and sustainable architectures, designed to host the various needs of our clients with user-friendly multi-channel services. Having a consistent 360° service offering including a clearing system able to handle the whole range of payment instruments (domestic and SEPA) as well as a routing and authorization network means that we can support all payment challenges.
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