Sentenial to power SEPA mandate management at BofAMerrill

25 April 2012

Sentenial to power SEPA mandate management at BofAMerrill

Bank of America Merrill Lynch (BofA Merrill) has selected Sentenial to offer Origix Corporate, a single euro payments area (SEPA) payment and mandate management solution, to the bank's clients.

The solution enables the migration of legacy mandates to SEPA Direct Debit (SDD) payment instruments, on-going mandate management, document handling, and the generation of payment instructions. It offers a one-stop shop for full mandate lifecycle management and the enrichment of legacy collection files to SEPA-compliant standards, as is required from 1 February 2014 by EC SEPA legislation. The bank claims that clients will benefit from a seamless transition, with minimal changes to their existing processes.

According to Ad van der Poel, a product management executive for Europe, Middle East and Africa (EMEA) at BofA Merrill: "SEPA is an important development for our clients doing business in Europe. Sentenial is a specialist provider of SEPA payment solutions and our partnership with them will greatly enhance our value proposition in this space."

By Neil Ainger

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