Dutch bank ING is extending its partnership with IT services firm Atos Origin in the iDEAL transactional services market, which covers online payments.
ING will use a platform from Atos Worldline to support transactions through the payment standard iDEAL until at least the end of 2014. The iDEAL payment standard competes against others such as Germany's Giropay and Austria's eps.
The Atos platform will enable ING to meet SEPA (Single Euro Payments Area) requirements without having to adjust its own IT systems, while ensuring that money transfers become much easier and more transparent - one of the SEPA requirements demanded by the European Commission.
Atos Origin has been providing ING with similar services since 2005. As a result of the agreement it will continue to be responsible for offering iDEAL transactional services and will contribute to making payments suitable for the iDEAL system from other European countries.
"Atos Origin is well established in the financial sector and over the years it has proven itself to be a reliable partner for the management of the platform which supports iDEAL payments", said Ad van der Poel, head of e-business at ING.
Last year, ING said it had cut €1.5 billion (£1.3 billion) from annual costs, after reorganising its IT and other operations, and streamlining processes.