Sentenial wins Neuflize OBC EuroDebit mandate

Source: Sentenial

London-Today Sentenial, a specialist provider of SEPA payment solutions, announced it has been selected by Neuflize OBC to provide its SEPA Direct Debit reachability service. The service, EuroDebit Ready2Receive (R2R), will enable Neuflize OBC to provide premiere support to its retail customers.

Sentenial has worked closely with Neuflize OBC who needed a SEPA Direct Debit (SDD) solution that would not only enable rapid compliance, but that would allow Neuflize OBC to better respond to customer requests. EuroDebit R2R includes an on-line portal to view and manage incoming SDDs, mandates and R-messages. EuroDebit R2R also meets Neuflize OBC's requirements to process XML files without making a further investment in their existing back-office systems and to improve straight-through-processing.

EuroDebit Ready2Receive is a modular SEPA compliance solution that allows financial institutions to meet mandatory rulebook requirements today and scale up to more comprehensive functionality as demand grows. Compliance functionality includes file, mandate and transaction validation, BIC/IBAN validation and on-demand blocking.

EuroDebit R2R has a full suite of upgrade modules such as SEPA B2B scheme support, channel integration and a customer billing module. Provided on Sentenial's Software-as-a-Service (SaaS) platform EuroDebit R2R is fully scalable and has a rapid implementation cycle.

Sean Fitzgerald, CEO, Sentenial said, 'Our relationship with Neuflize OBC, who are our first customer in the French market, represents a significant milestone for Sentenial. We are really pleased to have been able to work with Neuflize OBC to help position them as premier provider of SEPA Direct Debit services for retail customers in France.'

EuroDebit R2R is available fully localized for the French, Spanish, Irish and U.K. markets.

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