Sentenial and ING Launch SEPA Mandate Solution for Corporates
Sentenial, a specialist provider of single euro payments areas (SEPA) payment solutions, and ING announced the launch of Mandate Manager, a SEPA Direct Debit (SDD) solution for corporates. Mandate Manager enables corporates to switch to the European Direct Debit (SEPA) with minimal change to their existing processes.
Mandate Manager completed pilot testing in September with a major player in the European oil market. The pilot included the migration of existing mandates from Belgian customers to the SDD, customer notification and the creation of a SEPA mandate database. The pilot also included transaction processing using the existing file format.
ING, together with Sentenial, is offering Mandate Manager as part of an overall approach to SEPA. According to Taco Dirks, head product management SEPA, ING, “ING understands that the conversion to SEPA for corporates can be a challenging process. Our approach is simple: we want to ease the lives of our customers. In order to do this we needed a partner who could deliver a solution that covered the entire process- from migration to transaction processing. This is why we are working with Sentenial. They have the most comprehensive solution available. The pilot was a great success and we are now on-boarding customers to Mandate Manager.”