SEPA Corporate Suite. migrate. to SEPA payments. and reap the benefits. Transactional services. Powering progress

Transcription

1 migrate to SEPA payments and reap the benefits Transactional s. Powering progress

2 The SEPA context SEPA Key figures The Single European Payments Area (SEPA) encompasses more than 4500 banks, in 32 countries, 490 million citizens, representing more than 95% of Euro payments in Europe 2008: introduction of SCT 2009: introduction of SDD 2013: expected end-date for SCT migration 2014: expected end-date for SDD migration A unified environment for payments Aimed at creating an integrated EU payments market, the SEPA project has led to the introduction of two new payment instruments: The SEPA Credit Transfer (SCT), introduced in 2008, provides a pan-european transfer infrastructure and reduces costs associated with cross-border transactions The SEPA Direct Debit (SDD), launched in 2009, provides a pan-european collection infrastructure that supports cross-border direct debits for both consumers and business collections. Those new instruments imply new business rules and file formats in corporate-to-bank communications. Whereas the SCT implies few changes for companies, the SDD introduces new responsibilities for creditors, such as managing the mandate s lifecycle, creating a unique mandate reference, enriching debit instructions with mandate related data, notifying customers, or ensuring the security of customer sensitive data. Self-regulatory efforts have so far proven insufficient to drive forward concerted migration to SEPA on both the supply and demand sides. In order to ensure that SEPA benefits are achieved rapidly and that the duplicate costs of running both legacy and SEPA products in parallel can be eliminated, the European Commission will set binding end-dates expected to be early 2013 for SCT and early 2014 for SDD - making the migration to these instruments mandatory. Ready for e-sepa Complementing SEPA core s, e-sepa is the future of SEPA in the fields of e-payment and online retailing with the use of advanced information and communication technology. For example, the e-mandate will allow debtors and creditors to issue, sign, amend and cancel a mandate through electronic means. The creditor will be able to ask the debtor s bank to authenticate the client s bank account and to confirm that the payment can be initiated, completely electronically. Meanwhile, EBA CLEARING has launched MyBank initiative, a pan-european e-authorisation, compliant with legal and regulatory requirements, to support the new e-sepa Direct Debit and Credit Transfer schemes. Credit transfers processed in SEPA format Credit transfers processed in SEPA format have doubled over the last months Source : 2

3 A solution designed to lower the threshold of adopting SDD and SCT is a solution for companies and corporate banks (white labeling). It is available either as a or as licensed software. It aims at minimising the impact on your information systems and workflows and at facilitating a smooth migration towards these new instruments. Based on a modular architecture, encompasses three main s SEPA mandate management SEPA Direct Debit and SEPA Credit Transfer management Online signature s Main functionality SEPA mandate management Migration of existing mandates Full mandate lifecycle Paper mandates flows Digital and physical archiving Transactions Translation of domestic into SEPA transactions Enrichment with mandate data Flexible remittances generation R-transactions management e-sepa Online mandate completion Online signature E-mandate ready General Full compliance with SEPA rulebooks Multi-channel notifications to debtors Multi-language support Multi-creditor, multi-country, multi-bank support Real-time reporting Digital archiving Modular offering Administration and reporting Notifications and alerts Paper mandates collection and dematerialisation Multi protocol communication platform SEPA mandates and transactions management File format conversion Online payment Online completion and signature 3

4 SEPA mandate management Existing mandate migration is based on a central mandate database into which your existing mandate data can be easily imported and migrated to SEPA mandates, following domestic migration rules. It manages BBAN to BIC and IBAN conversion and creates the unique mandate reference (UMR) based on your customized settings. This migration process will be fully automated and based on your existing customer data. Your current information system does not need to be adapted to store this new SEPA mandaterelated data. Additionally, provides you with tools to help you issue B2B mandates based on your existing mandates. can also manage the notification process to your customers. Mandate lifecycle management helps you manage your mandates lifecycle in full compliancy with the European Payments Council s rulebooks: Comprehensive list of statuses to track exactly mandates position in their lifecycle Generation of a unique mandate reference (UMR) based on a customised algorithm Online mandate data collection Mandate amendment and cancellation Debtor bank reachability management Mandates voiding after 36 months Secure electronic archiving of scanned mandate images and immediate access through the user interface Requests for copies of mandates Detailed audit trail of all mandate changes also comes with special features to handle specific needs, such as a merger between creditors, mandate renumbering, etc. Paper mandate management provides a comprehensive around paper mandates Mass printing and sending of mandates Order of mandates templates (empty or already prefilled) PDF mandate generation and sending to debtors by Collection of signed paper mandates Scanning and dematerialisation Paper archiving 4

5 Ready for e-sepa The e-sepa feature enhances the role played by banks in the e-authorization process. It introduces two new entities: the Routing Service on the seller bank s side and the Validation Service on the debtor bank s side. The Routing Service enables the merchant to redirect his client to his bank when he is about to pay. Then the authentication of the client, the authorization of the transaction or the signature of the mandate are handled by the debtor bank s Validation Service. is e-sepa ready, enabling sellers to be interfaced to their bank s Routing Service. As a leading actor in the field of e-commerce and routing s, Atos Worldline offers this option as an added-value to our online payment platform (Sips e-payment solution). Online signature As e-mandates will only be available in the near future, the provides bridging mechanisms to manage SEPA mandates online right away, such as online collection of debtor data (real time and asynchronous) and mandate online signature. Atos Worldline is a Trusted Certificate Service Provider and meets the highest level of certification requirements in Europe through its Public Key Infrastructure. offers several online signature solutions for SEPA mandates, depending on your business and processes. The most appropriate solution for you will be based on a balanced assessment of risk, payment guarantee and ergonomics for your customers. Neither existing customers nor new clients need to print the mandate, sign it and send it back to you. Mandate creation, amendment and cancellation processes become fully electronic, bringing you convenience and significant costs savings. Electronic signature platform Atos Worldline s signature platform encompasses: A dedicated OTU certificate authority A signature front, using existing certified components Signature key generation and certification Time stamped signature creation Proof management Archiving Authentication Merchant Signature request Signature or signed document Signature Visualization of the document Signature Proof constitution / reporting Document archiving 5

6 Transactions management and routing lessens the burden of adapting your current IT and workflows to the new SEPA payment instruments, imports your current payment files and translates them into SEPA payment files that your banks will accept. Management of both Direct Debits and Credit Transfers Control and validation of payment flows Translation into SEPA transactions Enrichment of SDD payment requests with mandate related data Scheduler-based generation of payment Flexible grouping of transactions into remittances Configurable validation steps at transaction and remittance levels Generation of PAIN files Routing of PAIN files to you or to your banks using SWIFT, EBICS or proprietary protocols Management of R-transactions based on PAIN.002 / CAMT.054 received files Generation of event reports for your accountancy and treasury systems Notification to your clients, using a large choice of communication channels (SMS, mail, etc) File formats managed can accept your existing transactional formats and convert them into SEPA PAIN format: Domestic file formats Belgium France Germany Netherlands Spain International file formats SAP EDIFACT Oracle Additional file formats will be added regularly SEPA transactions Payment requests BANK Banks Debtors R-transactions Paper mandates Pre-notifications Migration notifications Company Cancellations and reversals SEPA transactions R-transactions Mandates creation / updates Mandates copies Secured Web GUI Web s 6

7 Your SEPA project A solution taylored to your needs Thanks to its modular architecture, SEPA Corporate Suite is easily interfaced with your existing information systems (ERP, treasury management, electronic document management system, multi -channel notifications solution, bank communication platform, etc.) based on open files formats. The solution comes with a user friendly webbased interface, but is also fully accessible through file transfers and web s for large volumes of transactions or improved integration. It thus enables you to manage your full SEPA activity from a single, centralized platform. is multi-country, multibank and multi-entity. It also offers powerful configuration options to adapt its workflows, control and validation rules and best match your organization and needs. also comes with a flexible pricing model. It can be delivered in a Solution as a Service (SaaS) mode, or as a licensed software, with a guaranteed reversibility between both modes. messaging Telco operators Notifications Benefits gives access to SEPA instruments in 32 SEPA countries using existing domestic workflows and formats. Using a transactional solution such as SEPA Corporate Suite avoids implementing a new payment scheme in your existing workflows and tools, minimizes your up-front investment and reduces operational risks. Atos Worldline removes all the complexity of migrating your existing mandate database and initiating SEPA transactions with your banks. Online signature and e-sepa features will facilitate online contracting and the development of new payment usages. Thanks to this, you can focus on streamlining your collection systems, grow your international business and reap SEPA benefits more quickly. Printing benefits Easy adoption of SEPA instruments Reduced impact on your IT systems and business processes Effortless migration of existing mandates Re-use of existing domestic collection formats Short time-to-market Security Sensitive bank account data stored at data centers with the highest security certifications High-availability and redundant platforms Return Minimum up-front investment Pay per use Economies of scale due to centralization of operations Web Web GUI SEPA Corporate Dematerialization File transfer Directory Secure digital archiving E-mandate completion, routing, signing Validation 7

8 About AtosWorldline Atos Worldline implements Atos Hi-Tech Transactional Services in the field of payments, ecs and financial markets. A leader in end-to-end s for critical electronic transactions, Atos Worldline is specialized in electronic payment s - issuing, acquiring, terminals, card and non card payment solutions & processing - ; eservices for customers, citizens and communities ; as well as transactional s for financial markets. Atos Worldline on-going commitments to research and innovation enable its customers to benefit from award-winning solutions in areas such as mobile payments, secure IPTV, online CRM and paperless solutions. Atos Worldline generates annual revenues of 867 million and employs over 5,400 people in the world. For more information : atosworldline.com About Atos Atos is an international information technology s company with annual 2010 pro forma revenues of EUR 8.6 billion and 74,000 employees in 42 countries. Serving a global client base, it delivers hi-tech transactional s, consulting and technology s, systems integration and managed s. With its deep technology expertise and industry knowledge, it works with clients across the following market sectors: Manufacturing, Retail, Services; Public, Health & Transport; Financial Services; Telecoms, Media & Technology; Energy & Utilities. Atos is focused on business technology that powers progress and helps organizations to create their firm of the future. It is the Worldwide Information Technology Partner for the Olympic Games and is quoted on the Paris Eurolist Market. Atos operates under the brands Atos, Atos Consulting and Technology Services, Atos Worldline and Atos Worldgrid. For more information : atos.net Atos Worldline River Ouest 80, quai Voltaire Bezons Cedex Tel: +33 (0) dircom-atosworldline@atos.net atosworldline.com Atos, the Atos logo, Atos Consulting & Technology Services, Atos Worldline, Atos Sphere, Atos Cloud, Atos Healthcare (in the UK) and Atos WorldGrid are registered atosconsulting.nl trademarks of Atos SA. November Atos.