Equens to Process SEPA Direct Debit for SEB

Equens will start processing all the SEPA Direct Debit transactions of the SEB Group in Europe with the Europe-wide start of SDD in November 2009. Equens says that this foothold gained in Sweden is a next step in its continued expansion throughout Europe. The parties signed the agreement on Friday 13 February.

Edwin Echl, global head of payments operations at the SEB Group: “Equens has a strong presence in the European market. This, combined with its pan-European market coverage, were our main reasons for choosing them. Outsourcing the processing of SDD payments is one of the first steps in our strategy to centralise the payment services of the entire SEB group.”


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