SEPA
The Single Euro Payments Area (SEPA) was launched with the vision of harmonizing the Euro payment market. SEPA will work as a single domestic payments market in which citizens and economic actors will be able to make payments as easily and inexpensively as in their home country.
SEPA’s first milestone date was on 28 January 2008, when the SEPA Credit Transfer (SCT) became available on the market. However it has roots in the EC’s Financial Action Plan (1999) followed by the introduction of EC Regulation 2560/2001 on cross-border payments in Euros, which eliminates the difference in price between cross-border and national payments.
SEPA Direct Debit (SDD), a part of the overall Single Euro Payments Area (SEPA) initiative, is the payment instrument and scheme that from November 2009 will progressively replace currently existing domestic direct debiting schemes.
Further resources can be found on the following links :
- http://www.ecb.int/paym/sepa/html/links.en.html
- http://www.europeanpaymentscouncil.eu/
- http://www.europeanpaymentscouncil.eu/documents/EPC222-08%20version1.2-ShortcutSepaDirectDebit.pdf
EMD²
In order to stay competitive, European Corporations and Banks will have to implement solutions that will help them to smoothly migrate towards this new SEPA Direct Debit scheme, but don’t necessarily have sufficient budget. Atos Worldline proposes an outsourced solution to comply with latest regulations and to reduce time to market for new product and services.
EMD² (the European Mandate and Direct Debit management solution facilitates the migration to SEPA Direct Debit by reducing the impact on existing IT systems and processes, and therefore enabling you to reach more rapidly the benefits of SEPA.
EMD² (the European Mandate and Direct Debit management solution) is based on a central mandate database on which your existing mandates data can be easily imported and enriched with IBAN and BIC codes. It manages the full mandate lifecycle including Unique Mandate Reference (UMR) generation, dematerialization of new paper mandates and archiving.
It also can generate SEPA compliant direct debit instructions based on existing domestic formats, route SDD's towards your banks in Europe, notify debtors and manage R-transactions (reversals, refunds, rejects, returns).
EMD² functionalities

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Ready for e-Mandate and new payment usage on the internet
EMD² is integrated with other Atos Worldline e-Services and therefore paves the way to a complete e-Mandate solution encompassing acceptance, routing, authentication and validation.
Corporations using EMD² will be ready to face new payment usages on the internet for their clients.
EMD² benefits
EMD² for corporates: Focus on your firm core business and benefit from SEPA at lowest costs » Easy adoption of SEPA Direct Debit
» Security
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EMD² for banks: Take advantage of SEPA to provide innovative added value services and increase customers loyalty » White labeling of EMD² to your corporate customers
» Innovative debtor services
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