Domestic Retail Payments
STET’s vision of the SEPA infrastructure market includes providing optimum and cost effective solutions also for the processing of Non-SEPA payment instruments.
Managing all your payment instruments through a single platform
We can serve a Community as a whole by providing Clearing & Settlement services for the full range of payment instruments SEPA and Domestic Retail.
In 2010 STET’s CORE platform processed 12.9 billion transactions of which 6.3 billion were Card related transactions.
This offers our Participants a number of benefits:
- Back office efficiency and optimized operational control
- Cost reduction in clearing interfaces and technical connections
- Liquidity efficiency and possibility of netting obligations
- Cost benefits from volume concentration
“One-system” approach for all instruments creates efficiencies
Key figure
[ 45% ]
The volume of card transactions coming from French banks represents more than of 45% of transactions processed by the CORE system (5.9 billion in 2009).
Key date
[ January 2008 ]
The CORE system processes successfully French national payments as well as SEPA payments