ACI Worldwide and Sentenial Deliver Complete Processing and Management Solution for SEPA Direct Debits

ACI Worldwide has entered into a marketing relationship with Sentenial, a provider of direct debit processing services and solutions, to deliver an end-to-end processing and management solution for SEPA Direct Debits. According to the companies, Sentenial’s EuroDebit solution combined with ACI Money Transfer System™ offers a fully functional solution enabling banks to respond to the business impacts of the SEPA Direct Debit regulation while minimising the impact to payment processing. Benchmark testing conducted in conjunction with a major European payments processing bank has proven Money Transfer System readiness to process SEPA Direct Debits. The EuroDebit mandate management enables an efficient and agile response to the business impacts of the SEPA Direct Debit regulation. Paul Styles, business solutions manager at ACI Worldwide (EMEA), said: “Processing SEPA Direct Debits is the next big challenge for European banks, and one that will exceed the work required to get ready to process SEPA credit transfers. By recommending Sentenial to our clients, and ensuring our products work together easily and efficiently, banks will be able to process Direct Debits quickly whilst ensuring all transactions are compliant with SEPA.”