September 04, 2008
Financial services giant ABN Amro (Amsterdam), has selected Sentenial's EuroDebit, a SEPA-compliant solution, for its pan European Direct Debit processing requirements. With headquarters in County Kildare, Ireland, Sentenial is a provider of direct debit processing services and solutions for numerous direct debit schemes.
The Sentenial EuroDebit solution will be integrated to the bank's core payments architecture to enable the bank to meet mandated SEPA rule book requirements. ABN Amro hopes EuroDebit will give it the ability to rationalize legacy and in-house direct debit systems and ensure the group's scheme rule compliance while achieving high straight-through processing levels and exception automation. In addition to SEPA compliance, the Sentenial solution will equip ABN Amro with a Mandate Management platform to help ensure smooth and efficient mandate processing under the new scheme rules.