DFM, a financing partner in the Netherlands for enterprises within the mobility sector, has chosen Worldline [Euronext: WLN], a global leader in payment services, to be their Instant Payments and Clearing & Settlement mechanism partner.
Following successful implementation within nine months of signing of this partnership, Worldline now handles Instant Payments and back-office processing services for DFM via its payment licence partner Volkswagen Bank, as part of a five-year contract.
Reducing complexity and lowering costs
DFM and its partner Volkswagen Bank use Worldline’s Instant Payments Clearing & Settlement mechanisms and Instant Payments back-office. The Instant Payments service is part of Worldline’s extensive and modular back-office processing product portfolio, which also handles other payment types such as SEPA, high-value and multi-currency payments. This modular EPC (European Payments Council) and PSD2 compliant portfolio can be used by any bank, large or small and can be implemented within nine months. This short time-to-market allows Worldline’s customers, such as DFM, to quickly reap the benefits of outsourcing and provide their end-customers with solid and future-proof solutions.
Outsourcing back-office services stands as a viable solution for companies, including banks, seeking to introduce new operating models for their payments processing business while lowering costs, reducing complexity, and making better use of resources. By partnering with Worldline, companies like DFM can position themselves better strategically to respond to, and integrate with, accelerating digitalisation and evolving customer needs.
Jeroen Notmeijer, Managing Director of DFM and Branch Manager of Volkswagen Bank: "Our industry requires us to work closely with our clients and react to their evolving finance requirements. With Worldline as our partner for processing Instant Payments, we value their flexibility and future-proof services that we can, in turn, use to better support our customers".
Alessandro Baroni, Deputy Head of Worldline Global Financial Services: "This partnership with DFM highlights the benefits of outsourcing back-office services to Worldline. Following the closing of this five-year contract, we have successfully implemented the complete Instant Payments back-office and a connection to the Clearing & Settlement mechanism within nine months. This demonstrates our capability to act as an agile business partner. We look forward to keep supporting DFM’s business operations in the years to come."