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CECA is participating in the creation of Trionis, a European payments network that will cover 65% of the EU in three years 26/09/2008

CECA is participating in the creation of Trionis, a European payments network that will cover 65% of the EU in 3 years

The Spanish Savings Bank Confederation, CECA (Confederación Española de Cajas de Ahorros), has take part in the creation of Trionis, a European payments network that aims to cover 65% of the European Union (EU) within three years, with 300 million cross-border transactions.

This was announced today by the assistant general manager of CECA and technology manager, Agustín Márquez. "The Single European Payments Area (SEPA) demands that we all move with European scope and respond to the challenge of operating as if we were part of a single large country," he said. Trionis is the result of a joint venture between Eufiserv, the cash dispenser network run by the European savings banks since 1990, and First Data, which gives access to a total of 74,000 cash dispensers, 1.5 million point of sales terminals and 165 customer accounts.

The aim of Trionis, which simplifies cross-border payment processes, is to enter European countries in which it is not present and extend its scope in larger countries, such as Germany, France, Spain and the United Kingdom in order to increase transaction volumes.

Trionis allows international companies to consolidate all their payment processes with a single financial institution by connecting various countries, and as it is able to process cards other than Visa and Mastercard, it represents an opportunity for local card brands to achieve international reach, thereby benefiting card users.

The assistant general manager of CECA maintained that the creation of Trionis is set in the context of SEPA's standards and objectives, promoted by the European Commission, such as the European Central Bank (ECB) and European banks as a whole, and underscored that it is independent of the major card brands such as Visa and Mastercard.

The managing director of Trionis and chief executive of First Data, Ernst Verbeek, said that the new company had been created with capital of 7 million euros and predicted that by encouraging an increase in cross-border transactions, "it ought to be possible to reduce the unit price charged for each transaction."


CECA has a 10.5% stake in Trionis, in which other European financial institutions belonging to Eufiserv have a stake, such as the association of German savings banks, DSGV, the French savings bank CNCE, the Dutch bank Fortis, the Portuguese bank Caixa Geral de Depósitos, and the Swiss bank La Post.

Additionally, CECA, which has up until now been the global computer services provider for Eufiserv, operating its network on an outsourced basis, will continue to process Trionis transactions from its data-processing centre in Madrid and will thereby become the first major outsourcing centre for business services in the financial industry.