SEPA GATEWAY

A secure, user-friendly payments application that allows firms to easily clear and process SEPA credit transfers and direct debits

The Single Euro Payments Area (SEPA) is a European Union initiative aimed at improving the efficiency of cross-border transactions.

Dion’s SEPA Gateway solution allows banks to easily clear and process SEPA credit transfers and direct debits. The system is fully scalable, payments can be fully automated and it can process high and low transaction volumes.

SEPA Gateway can be easily integrated with any core banking system and adapted to meet firm-specific requirements. The technology simplifies migration projects, reducing complexity without the need to make changes to existing business operations. As a flexible and future-proof solution, Dion’s SEPA Gateway ensures that firms have the capacity to support existing and new SEPA payment instruments.

features

Functionalities

Transaction and File Monitoring

  • Display sent /received transactions and files
  • Query for SEPA transactions and files
  • Alert in case of rejected transactions
  • Repair of rejected transactions
  • Reporting

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

To download our brochure or for more insight into our solution, write to us at connect@dionglobal.com

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