ING Wholesale Banking can provide you with a

Payment factory

As a financial institution or corporate, you execute numerous payments every day. That’s business as usual. Yet, simplifying the number of these transactions will save you time and money. That’s why ING Wholesale Banking (WB) created the centralised ING Payment Factory (PAF), which makes making payments a lot simpler for you.

ING PAF is an overlay service that provides an interface between your ERP system and our infrastructure. It simplifies your entire payment process. Your payment factory provides end-to-end connectivity with clearing systems and payment facilities in a uniform way and at a low cost.

We help you achieve uniformity in distribution channels, file formats and standards. By harmonising processes, you can eliminate treasury duplication, increase oversight of local offices and realise outstanding economies of scale. From a single point of entry, you can access all European accounts and still use local products.

ING WB can build a payment factory around your specific needs. ING PAF helps optimise liquidity management. Outgoing payments can even be fixed to coincide with maturing short-term investments. For your convenience, we can phase in your payment factory gradually over time and even combine it with a collection factory.

 

  • Optimise liquidity management
  • Achieve uniformity in distribution channels, file formats and standards
  • Reduce duplication of treasury IT systems
  • Increase oversight of local subsidiaries
  • Increase efficiency and cost effectiveness by reducing manual interventions.

Get in touch with our local office

Please get in touch with the listed office to discuss any enquiries you may have.

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ING wins Best Treasury and Cash Management Banks and Providers award (Global Finance, 2019)

September, 2019

Global Finance has selected an overall global winner and global winners in six key sectors. Winners have also been chosen in 65 countries and regionally across four categories. ING was awarded for Best Treasury and Cash Management Banks and Providers in Belgium and in the Netherlands in 2019.

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BMG awarded for Best Multi-Currency Liquidity Solution in 2018 (TMI)

February, 2019

The stand-out characteristics of a Bank Mendes Gans (BMG) solution for Ingram Micro made it an indisputable winner of the Best Multi-Currency Liquidity Solution accolade in TMI’s Awards for Innovation & Excellence 2018.

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