Paris on 2018, May 29th – BRED has selected CRISTAL Instant Payments licensed software package from Worldline [Euronext: WLN], the European market leader in payment and transaction services, for the implementation of its Instant Payment platform.
The new platform must provide fast and secure real-time processing of transactions in accordance with the standard established by the European Payments Council for the new payment instrument. CRISTAL Instant Payments will process Instant Payments instructions acquired via the bank’s digital channels up to the point of exchange for final settlement. It integrates within the BRED information system in order to post transactions to customers’ accounts in real time and to validate compliance with counter-terrorism, anti-money laundering and anti-fraud regulations.
CRISTAL Instant Payments has been defined by the CRISTAL Users Group through working meetings organised by Worldline. It fits in with the technical and business requirements, the main one being to implement agility in response to the uncertainties that remain for both the pace of adoption by end customers and the payment market segments that will be the most strongly impacted.
This requirement is fully supported by the innovative design of CRISTAL Mass Payments Highway, Worldline’s retail payment software package that is the proven foundation for CRISTAL Instant Payments.
This design already ensures that CRISTAL Instant Payments will allow many features to be tailored to the specificities of the different types of future use cases and will meet in the long term the challenge of high performance at optimized processing costs. The very high scalability of the software package is an additional asset in the definition of a business model in relation to the pace of the new instrument’s adoption.
