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Cecabank Report 2018
Our business model
Digital payments
In 2018 Cecabank has continued to improve its multi-purpose payment
platform. Below are some of the new features provided in 2018 to the
entities in their activity of processing and providing payment solutions:
•
In 2018 the representation service for instant transfer entities (iSCT) was
launched, representing three entities in addition to Cecabank.
•
Within the scope of
Bizum
, the growth of the processing activity has been
very important, representing in 2018 48% of the transactions carried out
in Bizum through 10 entities to which the bank provides service. Cecabank
has absorbed a considerable part of the developments to be carried out
by the entity to adapt to the changes of the payment infrastructures
in their different versions and new functionality certifications. This is
because Cecabank has a double certification (technical and business),
which enables it to expedite the certification processes for its entities. In
2018 Bizum evolved from a transitional solution to a final solution (iSCT)
in versions V1iSCT and V2iSCT. The service has also been improved by
automating the incident resolution system, which has led to automatically
processing over 90% of the cases (swifter and cheaper resolution).
New service functionalities have been added to the platform, such as an
extended payment schedule or PFM (Personal Finance Managers) payment
solutions. An NGO payment functionality and a payment functionality for
C2eR virtual stores have also been developed.
Payments
Solutions offering support to business and technology
processes specialised in payment methods and systems,
clearing and discount.
Digital
Payments
Processing
Solutions
and Payment
Methods
Infrastructure
and Payment
Services
International
Payments and
FX Platform
In 2018 48% of Bizum transactions
have been carried out by
10 entities
The platform has incorporated
new functionalities in 2018
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