SEPA Gateway

SEPA Gateway is an application which offers financial institutions and corporates all necessary requirements to process SEPA payments. It follows the SEPA roadmap and will help you to get ready for SEPA credit transfers as well as for SEPA direct debits.

The main benefits of using SEPA Gateway are:

Save on investment: No need to change your core payment banking application.
Flexibility: SEPA Gateway will be adapted to your specific needs and rules always ensuring that all the SEPA regulations are followed.
Innovation: with SEPA Gateway financial institutions are capable to create new products, improve customer satisfaction and increase revenues.

Sub Products

SEPA Gateway for SEPA Credit Transfer (SCT)
SEPA Gateway for Credit Transfers embeds into your application and process landscape and adds value to your organization with a set of powerful core functionalities:

Monitoring:
- Monitoring of incoming and outgoing files, their status and the embedded transactions
- Inquiry and reporting facilities using a variety of criteria at file or transaction level
Conversion and Validation:
- Conversion of any payment formatting delivered by payment application, for example SWIFT MT103 or DTA, into the SEPA XML messages (pacs)
- Validation of SEPA schemes
- Fully support of ISO 20022 messaging without truncation of data
- Bulking and de-bulking process
- Conversion of SEPA reconciliation reports into MT950
Exceptions Management:
- Processing of R-messages (Returns and Cancellations*)
- Automatically user alert per email upon receipt of rejected message
Connectivity:
- To Automated Clearing Houses (ACH)
- SWIFTNet
- Inhouse core banking applications
Direct Entry Window:Credit Transfers and R-Transactions can be entered manually. Therefore the SEPA Gateway can be used as a back up system for SEPA payments
Support for Corporates:
- Connectivity to Corporates via SWIFT or e-banking portals
- Special front-end designed for corporates which allows creation of queries, reports, monitoring of transactions, validation of BICs and IBANs

SEPA Gateway for SEPA Direct Debits (SDD)
SEPA Gateway for SEPA Direct Debits is a secure, web-based application that offers all the necessary functionalities to process SEPA Direct Debits. Additionally, it contains a number of functionalities as management of SEPA mandates, liquidity management and reporting.

SEPA Gateway for Direct Debits supports the SEPA rulebook from the creditors and debitors point of view.

Some of the functionalities of SEPA Gateway for Direct Debits are:

Monitoring:
- Monitoring of incoming and outgoing files, their status and the embedded transactions
- Inquiry and reporting facilities using a variety of criteria at file or transaction level
Conversion and Validation:
- Conversion of any message type into SEPA XML messages (e.g., pacs and pain.)
- Fully support of ISO 20022 messaging without truncation of data
- Validation of SEPA schemes
- Bulking and de-bulking process
- Conversion of SEPA reconciliation reports into other formats (eg. MT950)
Mandate Management:
- Importing mandates from external sources
- Mandate archiving. Users and customers have access to view, cancel or amend them
- "Stop options" per mandate or account: accounts can be flagged to avoid direct debits being booked
- Possibility to set restrictions for the executions of direct debits (e.g. per country or amount limits)
Exceptions Management:
- Full STP processing of R-messages, including rejects, returns, refunds, reversals and cancellations
- Upon receipt of the R-message the original transaction is automatically retrieved and user alerted
Connectivity:
To Automated Clearing Houses (ACH)
SWIFTNet
Inhouse core banking applications
Support for Corporates:
- Connectivity to corporates via SWIFT or e-banking portals
- Special front-end designed for corporates which allows: initiation and monitoring of messages, creation of queries, mandate management, reports, validation of BICs and IBANs, etc...