SEPA services

Achieving full compliance quickly and cost-effectively

The Single European Payments Area (SEPA) is an imminent regulation for any service provider that receives direct debits within the Eurozone. The European Parliament has confirmed February 1, 2014 as the deadline to change to the new schemes for SEPA Credit Transfers (SCT) and SEPA Direct Debits (SDD). If you are a bank, a utility or a telecommunications company, or any other type of service provider receiving these types of payments, the time to act is now.

With CGI’s SEPA Services you have access to the services and solutions you need to quickly and efficiently become compliant.

Making SEPA simple

While SEPA is on the 2013 to-do list of many corporations, most do not have access to the required SEPA expertise, IT and budget. For many, SEPA programs are starting late and may run the risk of missing the deadline. But ultimately, the SEPA initiative represents a huge opportunity for service providers to overhaul their cash management and collection processes, as well as to better leverage their banking relationships.

CGI has the in-depth knowledge, proven experience and complete services to help you successfully meet the target date. We’ve helped the European Payments Council and European Banking Association in the development of SEPA, and our locally-based SEPA experts understand the issues at hand. Today, our technology is used to process 15% of SDD translations in Europe, surpassing any other provider in the market.

CGI’s SEPA services

CGI’s SEPA services are your one-stop-shop for SEPA. Whether you are looking for a comprehensive, fully managed service, a quick conversion of your existing mandates, or tailored consulting, we have the SEPA services to help. Our services include the following:

• Mandate management (comprehensive, hosted solution for SEPA compliance beyond the February 1, 2014 deadline)
• One-time migration (simple mandate migration service)
• SEPA credit transfer (legacy credit transfer conversion and formatting for SEPA)
• SEPA direct debits (legacy direct debit transfer conversion and formatting for SEPA)
• Tailored consulting (support for SEPA strategy, assessment, scanning, testing)
• High-volume printing (support for notifying customers of the move to SEPA and producing mandate packs)
• Scanning (support for capturing mandates electronically)
• Archiving (support for either electronic or paper archiving)

Benefits of our SEPA services

Partnering with CGI enables you to go beyond compliance requirements to reap the full benefits of SEPA, including the following:

• Centralized and standardized collections and payments
• Reduced costs
• Control of bank and customer payments relationships
• Improved cash management
• Visibility of cash
• Reduced IT resource demands
• Technology independence and flexiblity
• Data validation checks
• True scalability
• Government grade security

Learn more about our SEPA services and experience by visiting our SEPA services microsite.