Direct Debit Launches SEPA-compliant Payments Platform

Direct Debit Limited has launched PayCentre, a multi-payment solution suitable for both national and international payments that meets all the requirements of the single euro payments area (SEPA) Direct Debit scheme, due to come into force in November 2009. Two European banks, one in Spain and the other in Ireland, have signed up for the solution.

PayCentre is a multi-level payment platform with intelligent processing capabilities for organisations looking to undertake international, SEPA and domestic direct debit and credit, faster payments and credit card transactions. It is highly scalable and can run both as a stand-alone application or integrate easily within existing software infrastructure, claims the company.

PayCentre enables corporates and banks to improve cash flow by providing the all-round visibility of financial data essential for full control of collections and payment transactions. Operational efficiencies are enhanced by ensuring fewer errors with straight-through processing (STP), reducing paperwork and manual input allowing for payments to be collected earlier with lower processing costs.

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