Partnership with SWIFT will enable van den Berg’s customers to benefit from efficient and cost-effective solutions to connect to the Eurosystem’s TIPS and EBA Clearing’s RT1 for instant payments, regardless of their size and message volumes.
This press release is also available in German.
Brussels, 18 September 2018 – SWIFT today announced that van den Berg, a SWIFT service bureau based in Germany and provider of innovative payment solutions for both banks and corporates, has selected SWIFT to provide connectivity to TIPS and RT1 for instant payments within the Single European Payments Area (SEPA).
Christian Fink, Member of the Executive Board of van den Berg AG commented: "The implementation of instant payments is strategically very important for banks in the SEPA region and especially in Germany. In our view, it is a last great opportunity for financial institutions to not be crowded out by alternative providers that are often not based in Europe. For the introduction of instant payments to be successful, the reach, i.e. the accessibility of as many bank accounts as possible for private and corporate customers, is crucial. In order to support these goals, we decided together with our partner SWIFT to create a starter package for the banks. It allows banks of all sizes to connect to TIPS at very favourable conditions. This offer is also available to customers who do not use our company’s software and are looking for an efficient and cost-effective way of connecting to TIPS.”
van den Berg’s connectivity solution for TIPS and RT1
van den Berg will offer banks a standardized connectivity package with SWIFT as an NSP (Network Service Provider). Their customers will be able to choose between three different versions of the van den Berg Instant Payments Gateway (IPG), giving them the flexibility to choose a solution that meets their needs and requirements. All of the solutions offered by van den Berg and SWIFT will give banks the ability to integrate instant payments into their business processes quickly, easily and efficiently.
Several banks have already chosen van den Berg and SWIFT’s IPG solutions to connect to TIPS in November 2018. The connection to EBA CLEARING’s RT1 is also supported. Together, van den Berg and SWIFT accompany and support these banks in the implementation of their instant payments projects.
Alain Raes, Chief Executive of Europe, Middle East & Africa, SWIFT, said: “We are delighted that van den Berg has chosen SWIFT to connect its customers to both TIPS and RT1. We look forward to working with the van den Berg team to meet the current and future messaging needs of their customers.”
SWIFT’s new messaging service for TIPS and RT1
Launching in November 2018 to coincide with the launch of TARGET Instant Payment Settlement (TIPS), the euro real-time payments service commissioned by the Eurosystem, SWIFT’s new messaging service will allow instant payments to be made across Europe through both TIPS and EBA CLEARING’s RT1 instant payments system.
With a global reach connecting more than 11,000 banking and securities organisations, market infrastructures and corporate customers in over 200 countries and territories, SWIFT is well placed to deliver the infrastructure necessary to facilitate instant payments efficiently and with minimal integration.
SWIFT is supporting customers as they move to meet the Eurosystem’s 2020 vision, which envisages access to TARGET2, TARGET2 for Securities and TIPS through the Eurosystem Single Market Infrastructure Gateway (ESMIG). SWIFT’s solution is designed to provide customers with a single gateway to connect seamlessly to multiple instant payment systems in Europe and beyond.
The provision of an instant payments messaging service for the euro area is the latest step in SWIFT’s global instant payments strategy that leverages innovative technology to enable real-time payments to be made over the SWIFT network while also re-using existing infrastructure, ensuring a future-proof messaging solution that is easy to implement and maintain.
Join the instant payments discussion and find out more about how SWIFT can help you with instant payments at swift.com.
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SWIFT is a global member owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging and standards for communicating, and we offer products and services to facilitate access and integration, identification, analysis and regulatory compliance. Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories. While SWIFT does not hold funds or manage accounts on behalf of customers, we enable our global community of users to communicate securely, exchanging standardised financial messages in a reliable way, thereby supporting global and local financial flows, as well as trade and commerce all around the world. As their trusted provider, we relentlessly pursue operational excellence; we support our community in addressing cyber threats; and we continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Our products and services support our community’s access and integration, business intelligence, reference data and financial crime compliance needs. SWIFT also brings the financial community together – at global, regional and local levels – to shape market practice, define standards and debate issues of mutual interest or concern. Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centres.
About van den Berg
For more than 30 years van den Berg has been developing innovative payment solutions for banking institutions and companies. Thanks to its know-how and many years of experience, van den Berg has gained many customers and partners from the financial and other sectors and has established itself as a reliable service provider on the market. van den Berg's solutions have been used by more than 100 banks for many years. In the area of corporate customers, van den Berg modules are also widely used to support payments. The focus is on the areas of instant payments, individual and retail payments, SEPA card clearing, font reading and SWIFT connectivity. In 2007, the van den Berg Service Bureau was founded to provide payment related services. These include, for example, the SWIFT and EBICS communication infrastructure and the operation of payment transaction solutions. With the expertise of its consultants, van den Berg helps clients from the financial sector and corporate clients to efficiently manage their payment transactions and the associated processes. van den Berg has an extensive network and numerous partnerships. The management of the van den Berg Group is actively involved in Bitkom and forms the board of directors in the working group "Digital Payments".