FIMBank has formed a new alliance to utilise Volante Technologies’ cloud-based payments as a service for processing the Single Euro Payments Area (SEPA).

Volante has rolled out the VolPay-as-a-Service offering on Microsoft Azure. The offering will be backed by the company’s VolPay payments products.

The Volante payments service in the cloud can be used by institutions looking to update their payments infrastructure, without a lengthy in-house deployment.

Volante said that the Microsoft cloud facilitates advanced payments capabilities with a scalable and secure service.

Volante Technologies CEO Vijay Oddiraju said: “In the fast changing world of payments, VolPay-as-a-Service on Microsoft Azure ensures that institutions have rapid access to applications to support their payments processing needs without the lengthy implementation and update cycles normally associated with traditional deployment options.

“This speeds up time to market without compromising on security, resiliency or scalability. We see this as an important step in our ongoing mission of providing more value added and innovative services and solutions tailored to our customers’ needs.”

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FIMBank CIO Gilbert Coleiro said: “VolPay-as-a-Service for our SEPA payments provides us with an opportunity to switch provider rapidly and cost effectively.

“The combination of rich VolPay functionality together with the flexibility to integrate the solution easily to our existing platforms without the need to build additional infrastructure, is an ideal value proposition.”