Payments Capture provides a solution to both banks and corporates to meet SEPA requirements.
Advantages for Banks
- Enables banks to provide customers with access to euro clearings with little resource or investment
- Allows banks to maintain the relationship with their customers whilst meeting their SEPA requirements
- Allows banks to brand or white-label the solution
- Enables banks to meet the requirements of more complex customers through feature-rich payment software
- Provides banks with the opportunity to focus on revenue-generating value-added services whilst meeting their corporate customers’ payment demands
Advantages for Corporates
- Enables corporates to take advantage of euro clearing quickly and cost-effectively
- Requires only a single banking relationship for pan-European payments, reducing cost and resource overheads
- Enables a staged migration from existing payments capture systems to SEPA-compliant corporate access to ease the adoption process
- Allows full integration with back office systems, providing end-to-end straight through processing
- Incorporates BIC and IBAN validation, together with domestic account checking, to minimise payment rejections and comply with SEPA standards
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How does it work?