Natixis Paiements launches System Mandate, an extensive SEPA mandate migration platform
Natixis Paiements is deploying the System Mandate solution to help financial institutions and companies migrate to SEPA Direct Debit.
SEPA (Single Euro Payments Area) harmonizes the payment media and transfer processes, be they at the domestic or European level, in 32 European countries.
On February 1, 2014, all domestic transfers and debit operations will be discontinued to be replaced by the Single Europe Payments Area SEPA (SCT1 credit transfers and SDD2 direct debit). This migration applies to all economic agents, regardless of their line of business. Only SEPA Direct Debit operations will be authorized in France and in all the European area.
In order to help companies migrate to SEPA direct debit, Natixis Paiements offers System Mandate, an extensive and evolving platform for the management and processing of SEPA mandates that will replace the existing direct debit authorization system.
An extensive solution serving companies
SEPA mandate management is a major new technology with effects for all companies. With System Mandate, Natixis Paiements provides a solution with extended functions that can adapt to the organization and line of business of a company, regardless of its size:
- acquisition of mandates pre-signed by clients,
- management of mandate and its life cycle,
- management of the reference number given to a mandate before being transferred into the debit databases
- generate direct debits according to a predefined schedule
- mandate follow-up and archiving.
System Mandate is available in all configurations and interfaces and can easily be integrated into a company’s IT system.
Natixis Paiements, a subsidiary of Natixis, the corporate, investment and financial services
arm of Groupe BPCE, offers a comprehensive range of processing, back-office and marketing services for traditional and electronic means of payment, whether national, European or international for all types of operations with transfer systems.
Natixis Paiements Natixis Paiements has over 20 years of recognized experience in processing payment flows for bank and corporate clients. Natixis Paiements is the payment operator of France’s second-largest banking operator.
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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