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Screenshot of a breaking news alert e-mail from Q2 2017
Worldline (Euronext: WLN), through its equensWorldline subsidiary specialized in financial processing, and the Santander (NYSE: SOV-C) Consumer Bank S.A. in Poland, extend their partnership for new services. equensWorldline processes the Visa credit cards of the Santander Consumer Bank in Poland. The contract covers, amongst others, the co-branding cards of European consumer electronics chains.
The contract covers, amongst others, the co-branding cards of European consumer electronics chains, by using the equensWorldline solution “Instalment Credit” the granting of credit in the large electronics markets happens in real time.
The customers of the Santander Consumer Bank directly receive a so-called Visa Instant Card and are able to pay with it at the checkout. Through equensWorldline’s Installment Credit solution customers of the Santander Consumer Bank can apply for different variable installment plans in real time.
Wolf Kunisch, Chief Operations Officer at equensWorldline:
The large number of local providers and the price war lead to a high competitive pressure on the Central European market. equensWorldline was able to prevail against the competitors because of the high flexibility of our solutions and a short time to market. As a result our contract with Santander Consumer Bank on the Central European market has been extended once again.
Joanna Szczegielniak, Head of Credit Card Development at Santander Consumer Bank:
Thanks to real time-connection to the systems of equensWorldline we are able to offer our customers an instalment via the credit card within one visit to the store, immediately after a positive check of their creditworthiness. This is not only an advantage for our customers, but makes our processes significantly more efficient.