Logica and Netherlands-based Rabobank have
sealed a deal aimed at helping the Bank’s corporate customers to
comply with the requirement of the SEPA rules.
Logica will provide Rabobank with a ‘Software
as a Service’ platform (SaaS) that enables corporate customers to
convert payment instructions and bank account numbers to the SEPA
standards.
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Logica’s SaaS platform will also provide the
bank with mandate management services to implement the new European
direct debit process.
In addition, Logica will deliver a SEPA
payment hub to support all incoming and outgoing SEPA transactions
of Rabobank’s corporate customers.
Marco Bosma, director financial logistics of
Rabobank Netherlands, said:
“Corporates are facing huge changes and many
are probably unaware of the impact SEPA will have on their
organization. It is our responsibility to support our customers –
both large and small – which is why we wanted a best-in-class
solution to meet our needs.”
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By GlobalDataThe companies said in a statement that large
corporates will begin the move to SEPA in October this year, as
determined in the National Forum SEPA (NFS).
The deadline to move to SEPA Credit Transfers
and SEPA Direct Debit Transfers is 1 February 2014.
