SEPA Solution : Logica Mandate Management for Banks
The much anticipated SEPA end date has finally been announced. The European Parliament has passed legislation for the deadline of the new SEPA Direct Debit (SDD) scheme for 1st February 2014. Logica’s Mandate Management service enables you to deliver mandate management services to customers, quickly and cost effectively.
SEPA is a catalyst for change. Currently, many large corporates operating across Europe hold multiple banking relationships to manage their collections process. With SEPA coming into play, they are waking up to a golden opportunity to optimise cash and treasury management. Independent research commissioned by Logica indicates that many will reduce their banking relationships to a select few.
Corporate banks need a strategy to avoid being left by the side and to take advantage of SEPA. The provision of enhanced collection management services to corporates will help to protect your client base, lead to competitive advantage and the potential to capture additional payment transaction volume and balances.
Key Features :
Conversion and enrichment of data from national formats to SEPA
- BIC/IBAN conversion
- Generation of the Unique Mandate Reference
- Automated enrichment of payment instructions
- Full access to mandate and collection information
- Manages full life-cycle of Core and B2B schemesFuture
Download PDF (.4mb)
Logica
Skip to content
