Volante launches SEPA instant payments solution on Microsoft Azure
Volante Technologies has announced that it is providing end-to-end SEPA (Single Euro Payments Area) 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 (PSPs) certified access to the two principal pan-European schemes, EBA Clearing’s RT1 and ECB’s TIPS, through the high-speed, secure messaging and low-latency SIAnet network.
Powered by VolPay, Volante’s ecosystem of business services for the entire payments lifecycle, the service allows any market participant to send and receive instant payments through TIPS and RT1, avoiding costly in-house deployment of RTP infrastructure projects. Institutions can instead focus on accelerating the delivery of new services to their end-customers, and speeding onboarding across a variety of retail and commercial use cases. The service’s multi-network architecture ensures that institutions can easily support both today’s SEPA instant payments networks and future ones, without onerous rework.