Bankart and Nets ready to deliver on the European vision of making Instant payments the new normal

Press release

​Nets and Bankart are ready to go live with an instant payment solution in Slovenia after final approval from the Slovenian Central Bank. In February, Bankart will go live with Nets´ RealTime24/7 and enable bank transactions between Slovenian banks to be cleared in less than a second.

"Nets is proud that our client Bankart has announced that is has been approved by the Slovenian Central Bank to go live with a new payment system in Slovenia based on our RealTime24/7 Instant Payment platform," says Paul Francis Walvik-Joynt, Senior Vice President in Payments International at Nets.

 

Besides delivering the Instant Payment module, which means that payments can be cleared in less than a second between any two bank accounts in Slovenia, Bankart will also be processing regular credit transfers exchanged in files such as bill payments, salary pay-outs and pensions in their new payment platform.

 

Opens for new services
The implementation of the RealTime24/7 clearing system from Nets has enabled Bankart to pave the way for an entire new payments infrastructure, where a variety of payments services can be integrated into services such as mobile solutions, request for payments, etc.

 

"We will deliver a future proof solution developed for a whole new eco-system that opens up for innovative services. This will ensure that the Slovenian community will get access to services with great user experience, and at the same time keep payments cost effective," says Aleksander Kurtevski, Managing Director, Bankart.

"Instant payments are an evolution and the future of payments, and Bankart is proud to deliver this in cooperation with Nets to the Slovenian market," adds Kurtevski in Bankart.

 

Exciting developments in the European market
Nets has won instant payment tenders in several European countries, with Italy and Denmark already live, and Hungary and Slovenia ready for launch in 2019. The implementation in Slovenia puts Nets among the top providers of European Instant Payment platforms.

 

Nets sees great potential with the RealTime24/7 platform and is currently engaging with clients globally who have discovered the business potential in Instant Payments eco-systems and the merits of the platform in terms of speed, fast delivery and low TCO.

 

"The experiences from our current deployments have given us an excellent product in RealTime24/7, with an open architecture permitting easy customer delivery of services in a trusted environment to benefit the users," according to Paul Walvik-Joynt in Nets.

 

"The final preparations and impending go-live of Slovenian solution proves that implementation of instant payment solutions will continue to spread across the Nordics, Europe and globally" says Paul Walvik-Joynt in Nets.