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Equens and ICBPI Group Join Forces
UTRECHT, Netherlands, September 27 /PRNewswire/ -- - Cooperation Will Enhance Efficiency in European Payments Market Equens and Seceti - a wholly owned subsidiary of the ICBPI Group in Italy - intend to establish a joint new company under Equens' current holding structure. This strategic step will strengthen the European market position of Equens and Seceti and further enhance the efficiency of the European payment processing market. Both companies consider the establishment of a joint new company as a firm foundation for further cooperation and growth. It will enable both parties to reduce their costs for the benefit of their clients. Together, both partners will annually process 8.7 billion payments and switch 3 billion POS and ATM transactions. As a result of the combined volumes they will become the largest pan-European processor in Europe with a market share of 12 percent. The possibilities and advantages of economies of scale for mutual clients are obvious. This is the reason why an official Due Diligence phase will start during the next few months. This phase will confirm the advantages of the intended joint new company. It is the intention of Equens and Seceti to establish a joint new company within Equens' current holding structure. This means that from that moment onwards, the Equens Group will consist of Equens Nederland, Equens Deutschland and Equens Italia. The intended steps have been approved by both the Supervisory Board and shareholders. The signing of an agreement regarding this new company is expected to be finalised in mid-2008. Michael Steinbach, Chairman of Equens' Board of Directors: "The intended cooperation with Seceti is an important next step forward in our strategy to become one of the leading payment processors in Europe. It proves that we are fulfilling our ambitions. I am very proud that Seceti, being one of the most leading payment processors in Italy, has chosen Equens as its strategic partner." "Europe is a crucial growth area for Seceti and we are committed to develop our business in strategic cooperation with Equens across the entire range of products and services," stated Giovanni De Censi, Chairman of the Board of ICBPI . He also stressed that the intended agreement between the two companies is in the best interest of all their shareholders and customers. Note for the Editorial staff About ICBPI ICBPI GROUP is composed by highly qualified Companies specialising in the design, planning and management of services oriented to Banks, Financial Institutions and Insurances. Each company of the Group, in its own operative environment, is able to support clients in both growth and competitive market approach. This network of specialist businesses provides a range of seamlessly integrated outsourced services which are modular to meet the needs of individual clients and cover the entire value chain. The Group offers outsourcing business services ranging from traditional and innovative payment systems to financial and administrative tools, from IT facilities for healthcare, fiscal and safety services, to electronic payment services, and from credit cards and payment systems to customer care through a contact centre. Constantly focused on business processes and technological evolution, the Group designs, develops and deploys operating, administrative, applied and technological services, thereby supporting the change, innovation and growth of more than 300 Banks, Financial Institutions and Insurance Companies in the Country. About Seceti Seceti is an integral part of the ICBPI Group and is one of Italy's major companies specialising in outsourcing services for Payment Systems. Seceti offers a complete portfolio for management of electronic payment circuits, with an acknowledged leadership position in full outsourcing (hardware and software) of ATMs. In this domain Seceti uses the "QuiMultibanca" network to link over 8,000 ATM machines distributed throughout Italy. In the POS field, Seceti handles the processing of more than 230,000 terminals and manages all the back-end processes. For Corporate Banking Interbancario (C.B.I.) services, Seceti is a delegated technical structure. In the card sector, Seceti's offering integrates and completes the ICBPI component, covering the entire range of infrastructural, applicative and operative services. Thanks to its position as a service provider for international circuits, Seceti is able to manage a wide range of cards, including domestic, international and multifunctional prepaid cards. Moreover, as an Application Center for the National Interbank Network, as well as traditional routing services for domestic wholesale and retail payments, Seceti also offers technological solutions for access to the SwiftNet network, enabling banks to participate in the BI-Rel Target and EBA Step2 systems, minimising the cost of upgrading to the new infrastructures. For additional information, please visit http://www.seceti.it About Equens Equens is the first and currently only 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 billion payments and 2 billion POS and ATM transactions, Equens has a market share of more than 10% within the eurozone. 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. For additional information, please consult: http://www.equens.com






