Cegedim Helps Corporate Migrate to SEPA Direct Debit
March 15 2012 - 1:00PM
Business Wire
Regulatory News:
Cegedim e-business, a specialist in global dematerialization, is
helping corporate to migrate their systems to SEPA direct debit,
the new pan-European payment instrument that will replace existing
national direct debits.
SEPA, standardizing and unifying payment instruments across
Europe
By adopting the Payment Services Directive (PSD), Europe is
making new strides towards integrating and standardizing payment
instruments across Europe. This migration is the first step towards
the implementation of the Single Euro Payment Area (SEPA).
The new payment model will allow corporate to originate direct
debits to clients with a bank account in Europe under the same
regulatory and financial conditions as those used for domestic
financial transactions.
Adoption of the SEPA direct debit will require creditors to
adhere to new rules, specifically to manage and dematerialize new
direct debit authorizations, called “SEPA Mandates”.
The direct debit is now the second most widely used payment
method in Europe (after bank cards), with 20 billion transactions
in 2010, of which 3.4 billion were in France.
To speed up the implementation of SEPA, the European Parliament
has just set a deadline of February 1st, 2014 for the
migration to SEPA. This adoption is forcing creditors to update in
less than two years, their information systems to support the new
SEPA rules.
Cegedim Global Payments facilitates and optimizes
migration to SEPA direct debit
Cegedim anticipated the shortened migration time-frame and
therefore has created Cegedim Global Payments with its innovative
software suite MA€A. MA€A complies with all the requirements set by
the European Payments Council and provides all functions for SEPA
mandates management and related payments transactions. MA€A
solution allows creditors to keep using their existing subscription
and collection processes with minimum impact on existing IT
infrastructures.
This offering will support all the legal requirements and needs
for the European companies to migrate to SEPA before February 1st,
2014.
This offering is targeted to all European creditors in any
business sector, including both B to B and B to C. MA€A solution
takes into account any subscription and payment models while
minimizing the impact to creditors’ information systems.
In addition, Cegedim offers to creditors a Paper Mandates
Management service based on its experience in managing more than
1,000 e-invoicing projects and several hundred millions electronic
healthcare transactions per year.
Furthermore, Cegedim is proud to offer a service that allows an
end to end paperless contracts and mandates management, from
subscription to electronic archiving (using its Sign & Archive
services and CEG€Pass electronic signature solutions). These
mechanisms are fully compliant with ISO 14641-1.
About Cegedim:
Founded in 1969, Cegedim is a global
technology and services company specializing in the healthcare
field. Cegedim supplies services, technological tools, specialized
software, data flow management services and databases. Its
offerings are targeted notably at healthcare industries, life
sciences companies, healthcare professionals and insurance
companies. The world leader in life sciences CRM, Cegedim is also
one of the leading suppliers of strategic healthcare industry data.
Cegedim employs 8,200 people in more than 80 countries and
generated revenue of €911 million in 2011. Cegedim SA is listed in
Paris (EURONEXT: CGM).
To learn more, please visit:
www.cegedim.com
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