Belgium Chooses STET’s Platform for Retail Payments

The Belgian banking industry has chosen STET as its clearing and settlement mechanism (CSM). STET’s CORE system has been developed on a multiple CSM – single shared platform designed for processing existing national legacy payments or single euro payments area (SEPA) payments.

Sixteen banks will join the new CSM as direct participants:

  1. Aregnta
  2. AXA
  3. AWL (IPDTA)
  4. Bank van Breda
  5. BC/MC (IPDTA)
  6. Belfius
  7. BNP Paribas Fortis
  8. Bpost
  9. Commerzbank
  10. CPH
  11. Crédit Agricole
  12. Delta Lloyd
  13. ING
  14. KBC
  15. RBS
  16. VDK

 

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