Brest, the 25th of June 2015 – Système U, One of the leader of mass distribution in France, has trusted Arkea Banking Services to manage its cash flow through its payment institution. Arkea Banking Services, subsidiary of the group Credit Mutuel Arkea is dedicated to the conception and the commercialization of banking solutions in white label. Thanks to Arkea Banking Services support, the Systeme U ‘s national central has become the first group of mass distribution with its own payment institution.
With U Payment Institution, the Système U ‘s group provides an innovative and successful solution to its partners to simplify the management of the transactions and to reduce the costs linked to cash flow management. Retailers members of the cooperative group can use a unique centralized steering tool for the treatment of all the transactions by debit cards (CB, Visa et Mastercard), settled in the point of sale, at the fuel dispensers or by correspondence selling. To complete the project successfully, Systeme U relies on a double expertise coordinated by Arkea Banking Services :
- The management of electronic transactions by Monext , the subsidiary of Credit Mutuel Arkea specializes in electronic money
- The access to the interbanking system of exchange, the GIE “Cartes Bancaires” to become an affiliate member on Visa and MasterCard schemes.
For the Credit Mutuel Arkea, this operation is completely in accordance with the group BtoB development strategy. It confirms its capacity to put its how-know at its clients’ disposal. Especially for companies who aim at outsourcing the management of its banking activity to stay focused on their core activities. Arkea Banking Services has become the reference partner for payment institutions in France.
« We are proud of this partnership with Système U for the conception and management of its electronic money platform through the creation of a payment institution, commented Christophe BITNER, President of the executive board of Arkea Banking Services .Leading BPO provider for Financial Institutions, Arkea Banking Services confirms its position in the management of banking flows. This partnership boosts the relations between the group Credit Mutuel Arkea and Système U”