Case Study

Payment Transaction for Raiffeisen

  • Challenge

    • Paper-based payment transactions at Raiffeisen banks create around 20 million paper receipts a year, generating an enormous payment volume. Processing these payment transactions is a laborious process that uses lots of resources.
    • Raiffeisen wanted to avoid building up cost-intensive internal expertise in processing payment transactions and undertaking additional system adjustments to optimise the previous process.
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  • Solution

    • SPS handles the scanning process for Raiffeisen, along with the post-processing of paper-based payment transactions. The documents are processed at the SPS payment factory
    • The SPS Payment Factory serves 17 Swiss banks and processes around 70 million payment documents per year, which represents about 70% of the overall volume of paper-based payment transactions in Switzerland.
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  • Benefits

    • Shared IT
    • Shared processes
    • Shared people & locations
    • High level of security
     
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