Logica launches Corporate Payment Service

16 September 2008

Logica, a leading IT and business services company, today announced the launch of a new, innovative corporate payment solution for the European market. This unique and cost-efficient solution is SEPA compliant and enables an easy transition for corporates to introduce e-Invoices. The system can process pension payments, social benefit payments, salary payments and other payment types and related messages for taxation, reconciliation and internal bookings.

Logica is responsible for the implementation, maintenance, service development and customer support of the Corporate Payment System. It enables customers to centralise the internal payments and payment transactions of their organisation, harmonise the payment-related practices, handle payments related fraud and create a controlled banking connection. This results in cost reductions and fewer fixed cost for the corporate.

Logica developed this new solution for companies which aim to rationalise and improve the efficiency of their operating models and processes for payments. The solution is based on a new way of splitting tasks and responsibilities between corporates and Logica. It enables companies to focus on their core business while Logica ensures that their payment solution is constantly on top of the rapidly changing market demands. The service is available across Europe.

Roel Wolfert, group director Payments at Logica, said: ‘We have solid expertise and long standing experience in providing payments products and services to the financial sector. The last few years we have noticed an increasing need for corporates to manage the complexity of payments transformation processes and the associated knowledge and investments required. I am pleased to extend our expertise and domain knowledge to the corporate market place. We will help corporates to transform their payments business and enable innovation in the post SEPA era.”

Jukka Tarkiainen, managing director of Logica’s financial services business in Finland, comments: “As part of our new payment system service Logica builds the basic system and adapts it to the customer’s needs and the operating environment. Our customers have the system at their disposal as a service, and Logica is responsible for maintenance, support and development. The customers pay for the respective use and performance.”

This corporate payment solution supports Logica’s ambition to help the market transform their payments environments. The service is based on Logica’s standard software products and its payments expertise.

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