Barclays and Sentenial Partner on Pan-European SEPA DD Mandate Management
Barclays and Sentenial have partnered to provide pan-European mandate management solutions for the bank’s single euro payments area (SEPA) Direct Debit (SDD) corporate customers. The service provided by Barclays will allow customers to transition easily to SDD, migrating away from the existing in-country domestic direct debit services across Europe, as well as being able to convert and enrich legacy collection files into SEPA-compliant payments.
Sentenial’s Origix Corporate service was chosen by Barclays following a market evaluation, and won out based upon the solution’s comprehensive nature, proven track record and the rapid time to market offered.
Richard Martin, managing director payments and cash management at Barclays Corporate, said: “The Sentenial solution offers both Barclays and our customers a competitive advantage. This solution, similar to Barclays, provides wide pan-European coverage with core functionality that has been tried and tested over many years. When selecting a vendor we had to be certain that we chose the right product and the right partners, so Sentenial’s commitment to SEPA and impressive growth in recent years were major factors in our decision.”