Raet and Equens Partner for Transition to SEPA
Raet, a provider of HR and payroll services in the IT industry, and payment processor Equens have partnered to facilitate a quick and efficient transition to the single euro payments area (SEPA). Together, Raet and Equens will pilot a test for the smooth processing of transfer orders in accordance with SEPA standards.
The pilot will serve as an example to ensure that companies in the Netherlands are ready before the scheduled end dates, for the submission and processing of the new European payment products. Both Raet and Equens have noted that organisations are not developing sufficient activities to ensure that they will be ready in time for the implementation of European payments.
Michael Steinbach, chairman of Equens’ board of directors, said: “We are very happy to be working towards an efficient transition to the SEPA in co-operation with Raet by means of this pilot project. The pilot project will make Raet a clear example for other large Dutch companies. Equens will use this transition to expand its current technical solution in the Netherlands, Directe Aanlevering (direct delivery), to a European level by offering an equivalent product at the international level in cooperation with banks: Corporate Payment Services. This offering will make it very easy for businesses and organisations to send and receive SEPA payments to and from other countries through one channel.”