Atos Origin Launches EMD2 to Aid SEPA Direct Debit Migration
Atos Worldline has launched a new solution, called Worldline European Mandate and Direct Debit management solution (EMD2), to help the adoption of the SEPA Direct Debit (SDD) scheme for European corporations and banks. SDD, a part of the overall single euro payments area (SEPA) initiative, is the payment instrument that will progressively replace currently existing domestic direct debit schemes beginning in November 2009.
EMD2, compliant with EPC (European Payment Council) guidelines for B2B, B2C and e-mandates, can be easily and transparently integrated into the clients’ existing information systems. It enables European corporations to facilitate the migration to SDD by reducing the impact on existing IT systems and processes, and therefore enabling them to reach more rapidly the benefits of SEPA.
“While the current economic situation has quite an impact on budgets for new projects, transactional services such as the EMD2 management solution offer an interesting ‘pay-per-use’ business model to minimise up-front investment, reduce operational risk, foster compliance and increase competitive advantage,” said Claude France, executive vice president in charge of business marketing & strategy at Atos Worldline.