Financial institutions payment services

Stay up to date on the impact of sanctions due to the situation in Ukraine and Russia.

In the ever-changing global payments sphere, you want a partner you can trust and rely on. One that understands the challenges financial institutions face: fiercer competition, increased regulation and compliance, and underlying clients who demand real-time information and flawless execution.

As one of Europe’s largest financial services providers with an extensive branch network, ING can offer you access to an array of local and cross-border clearing systems.

Our footprint and expertise are particularly strong in Central and Eastern Europe.  Our routing facilities identify the most optimal and efficient way with an emphasis on speed, transparency, and cost to process your payments, using a flexible mix of criteria, all automated within our processing systems.

ING can facilitate both local and international payment transactions for you and your clients by:

• Concentration services: ING is your gateway to the euro and other currencies. Send us all your payment instructions through flexible channels and our extensive network will ensure payment to customers and provide online reporting.
• Treasury payment services: ING provides Indirect Participation services to Target2, ensuring settlement of all your high-value euro payments.
• Local clearing services: ING can provide access to the local clearing in various European countries including Central and Eastern Europe via our own branch network.
• SEPA services:  As one of the largest EUR clearing banks, ING provides indirect access to and from the various clearing institutes (EBA STEP 2, Target2) for both SEPA Credit Transfers (SCT) and SEPA Direct Debits (SDD).  We help to minimise risk and maximise the opportunities that SEPA presents to enhance efficiencies and standardise processes and formats across Europe.

*For STP guides on pacs.008, please visit the ISO20022 service page