19 February 2018
Visit www.avoka.com

Worldline to process ING Belgium’s SDDs on MyBank eMandate solution

13 May 2015  |  4709 views  |  0 ING bank branch

ING Belgium is collaborating with payments processor, Worldline, to implement the eMandates function from MyBank, in order to process SEPA Direct Debits (SDDs).

The cooperation deal, announced today at the EBAday 2015 payments conference in Amsterdam, the Netherlands, will allow ING Belgium to offer the MyBank electronic eMandate solution on Worldline’s back end to its consumer, government and business clients. The e-authorisation and electronic commerce and payment portal is run by EBA Clearing.

The MyBank eMandate solution is based on the online banking services that debtor banks offer. The debtor uses their already known online banking service to be identified by the portal and to authorise the SDD, avoiding the inconvenience of a paper-based process. Bank customers will henceforth be able to give online authorisation in a secure manner.

The automated eMandates solution covers the issuing, amendment and cancellation of eMandates in a simple way as it means there is no need to deal with several layers of procedure. For the creditor, eMandates can simplify the storage and retrieval of payment data. 

“After the successful migration to the single euro payment area (SEPA) we were looking for new services to improve the customer experience on the usage of the SEPA payment facilities,” said Begoña Blanco Sanchez of ING Belgium, when discussing the rationale behind the deal. 

“The usage of Direct Debits requires a duly signed mandate,” he continued. “In order to facilitate this process in a digital world, we are convinced that the MyBank solution will simplify the process for the selling party as well as for the buying party. The solution is built for cross-border reach, which makes the service ‘future proof’ and helps us empower people to stay a step ahead in life and in business.” 

Wolf Kunisch, managing director for financial processing & licensing at Worldline, who incidentally will be giving a speech at 11.30am this morning at EBAday 2015 on ‘the digital revolution’, commented that he was pleased to further expand the processor’s long-term partnership with ING, adding: “As a payment service provider, Worldline, was strongly involved in the SEPA migration with more than 450 million SEPA transactions processed in 2014”, and that the firm, “is always striving to offer new payment services to support the strategic orientation of partners.” 

 

ChannelsPAYMENTS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsVisit www.vasco.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11293 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
8849 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8741 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8714 views comments | 15 tweets | 43 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job