Ace Software Solutions, provider of intelligent payment and STP solutions for the financial sector, today announced an additional module for Pelican for Sepa which incorporates Sepa Direct Debit (SDD) is being rolled out to European customers.
"With this new component of the ACE PELICAN for SEPA solution, users can be prepared for the SDD launch in November 2009" remarked Parth Desai, CEO, ACE Software Solutions. "Following the typical steps for selection of the right solution, testing, implementation and go-live, the time to take action is certainly right now."
PELICAN for SEPA enables financial institutions and corporates to centralise their payments processing. The solution comprises a number of components that work as point solutions or combine to create a fully integrated payment processing system. The key advantage of PELICAN for SEPA is that it provides end-to-end visibility across their payments process, in real-time. PELICAN for SEPA supports ISO 20022 and SWIFT standards and is built on SWIFTReady Gold labeled technologies.
In addition, there is support for C2B (Customer to Bank) and B2B (Bank to Bank) Direct Debits, Mandate & e-Mandates management, Intelligent IBAN & BIC conversions, Automated Exceptions Processing and Repair as well as Alerts, Advices and Reports.