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.

Select country

served by ING Belgium

ING Wholesale Banking
Avenue Marnix 24
B-1000 Brussels
Belgium

Estonia

served by ING Belgium

ING Wholesale Banking
Avenue Marnix 24
B-1000 Brussels
Belgium

Latvia

served by ING Belgium

ING Wholesale Banking
Avenue Marnix 24
B-1000 Brussels
Belgium

Lithuania

served by ING Belgium

ING Wholesale Banking
Avenue Marnix 24
B-1000 Brussels
Belgium

Denmark

served by ING Belgium

ING Wholesale Banking
Avenue Marnix 24
B-1000 Brussels
Belgium

Finland

served by ING Belgium

ING Wholesale Banking
Avenue Marnix 24
B-1000 Brussels
Belgium
Norway

Stockholm

View country page

ING Wholesale Banking
Grev Turegatan 3
114 46 Stockholm
Sweden

ING Virtual Cash Management

Achieving full cash visibility, access and control

Make better strategic decisions. Take the next step on your cash centralisation journey today and discover that there truly is a better way.

Read more

Treasury & Cash Helsinki

16 May

In May this year, Treasury & Cash Helsinki will be held, bringing together professionals from industry to innovate, discuss and network.

Read more

The transformation of banking - Threats and opportunities of open banking

May, 2017

The world of payments is set to change immeasurably over the coming years as consumers demand value-added products and expect increased speeds of service, including true 24x7.

Read more

HQLAᵡ selects Corda for collateral lending solution with R3 and five banks

April, 2017

Financial innovation firm R3, five of its members and financial resource management specialist HQLAᵡ have built a collateral lending solution for liquidity transfers on R3’s Corda distributed ledger platform.

Read more

Fintech - Taking on the world

April, 2017

Fintech innovation has fuelled expectations for real-time payments globally. "Instant payments are gaining momentum across Europe, providing an alternative to cards infrastructure and opening the door to richer data and better business models," says Eric Tak, global head of ING's Payments Centre.

Read more

InsideBusiness app features Touch ID

April, 2017

ING recently launched Touch ID in the InsideBusiness app, a fingerprint login technology for mobile phones. This means clients can now log in to their Wholesale Banking services with the touch of a finger instead of entering a five-digit mobile pin code (mPin).

Read more

Disruptions in the finance industry – are you ready?

March, 2017

New technologies and business models are changing the finance industry completely. What are the new skill-sets needed by the employees of the future?

Read more

Cross-border payments: the next generation

March, 2017

FX-MM examines the latest developments in cross-border payments, one of the hottest areas of banking evolution and innovation. With a contribition of Evelien Witlox, global head Payments & Cards at ING.

Read more

JPMorgan, Microsoft, Intel and others form new blockchain alliance

February, 2017

JPMorgan Chase & Co, Microsoft, Intel and more than two dozen other companies, including ING, have teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum in the latest push by large firms to move toward distributed ledger systems.

Read more

ING frontrunner in using SWIFT’s new Global payments innovation initiative

February, 2017

ING successfully completed the pilot phase of the ambitious SWIFT GPI initiative, enhancing the client experience by introducing tracking & tracing, increased cost transparency and predictability of international credit transfers.

Read more

BoE leaves policy unchanged, but becomes more optimistic

February, 2017

The BoE has revised up GDP growth forecast for 2017 to 2% (consensus 1.4%), but has left inflation largely unchanged. While continuing to signal rates could go up or down from here, the hawks are starting to sound a little more concerned.

Read more

Ten major banks test shared KYC service with R3 blockchain consortium

November, 2016

The R3 blockchain consortium and ten of its consortium member banks, like ING, have developed a proof-of-concept for a KYC registry for Know Your Customer (KYC) requirements. This proof demonstrated how distributed ledger technology can help banks fulfill basic KYC requirements of new customer onboarding while providing increased transparency, security and cost-efficiencies.

Read more

Kick-off Dutch Blockchain Hackathon

November, 2016

Today, at ING headquarters in Amsterdam, the kick-off was held of the Dutch Blockchain Hackathon, the first large-scale Dutch blockchain Hackathon, aimed at 'Improving society through blockchain-based solutions'. This event will run through 12 February 2017, when the winner will be announced.

Read more

ING introduces cross-border Virtual Cash Management

August, 2016

ING Wholesale Banking has launched Virtual Cash Management (VCM), a comprehensive digital cash management solution for corporates. VCM is designed to help treasury functions reach a next level of optimisation by facilitating centralised cash management with high cash visibility, access and control.

Read more

ING to win Global Finance's Best Bank awards

January, 2016

Global Finance magazine has announced its World’s Best Treasury & Cash Management Providers 2016. ING has been awarded Best Bank Working Capital Optimization in Western Europe and Central Eastern Europe 2016. ING was also awarded as Best Treasury & Cash Management Provider 2016 in the Netherlands, Belgium and Russia.

Read more

Best Bank for Payments & Collections in Central & Eastern Europe 2014 (TMI)

March, 2015

ING has been awarded 'Best Bank for Payments & Collections' in Central & Eastern Europe by Treasury Management International (TMI).

Read more