Equens hits 11 million transactions per day on WAY4
Equens SE, the pan-European payment processor, is now using its WAY4 payment processing platform to process 11.8 million POS and ATM clearing transactions per day, a speed milestone as compared with the 2 million transactions per day the company was achieving in 2010. Next peak expected milestone is 25 millions transactions per day.
Transaction volumes have grown thanks to Equens acquiring some new big merchants, now serving around half a million merchants across Europe. Another driver was SEPA: The Netherlands has been migrated from a local debit scheme PIN to international Maestro product. Migration to WAY4 in 2008 was farseeing – It helped Equens to improve its infrastructure and provide the future growth. Now Equens does not have any limits to multiply its transaction volumes in several times a year.
The ATM and POS clearing transactions being processed on the WAY4 platform include accounting transactions, fee calculations, transaction validations and currency conversions.
Wim Pardon, Director of OpenWay added: “The flexibility and reliability of WAY4 solutions and the high quality of our system support services have been already acknowledged by many financial institutions, payments processors and telecommunication companies operating on different continents. Our cooperation with technology leaders assures our place at the forefront of the latest technologies.
“When Equens chose WAY4 the company was looking for a powerful and flexible processing platform with the capability to adapt products to new markets easily and to introduce international brands, while coping with rapid growth in processing volume. We’re delighted that Equens’ belief in our product has enabled them to achieve such business success in this area.”
Equens is the first truly pan-European, full-service payment processor. As one of the largest and most innovative payment processors in Europe, Equens is leading the market for future-proof payments and card processing solutions. Thanks to an extensive and competitive service portfolio and a flexible, customer-orientated approach, the company seamlessly meets the requirements of the European payments market. With an annual volume of 7.9 billion payments and 2.2 billion POS and ATM transactions, Equens has a market share of more than 15% within the euro zone. By continuously pursuing further growth and translating the achieved synergy benefits and economies of scale into advantages for the customer, the company contributes to the efficiency of European payments.