Cegedim Global Payments partners CIC for SEPA migration service

SEPA migration

Cegedim Global Payments, a global payment systems and dematerialization company, is partnering with Communication Intelligence Corporation (CIC), a supplier of electronic signature solutions, to help companies migrate their systems to the Single Euro Payments Area (SEPA) (view press release). Through the deal, Cegedim’s MAEA software suite, which complies with SEPA requirements and the European Commission’s Payment Services Directive, will be combined with CIC’s electronic signature technology to provide enterprises a solution that delivers full dematerialization.

MAEA, which was initially focused on direct debit – the second most popular payment method in Europe (after bank cards) with 20 billion transactions in 2010 – provides a solution for the management of SEPA eMandates, or authorisations and related payment transactions. CIC’s electronic signature solution is used for the completion of a valid eMandate and is available for immediate deployment through MAEA.

With the European Parliament’s recently set deadline of February 1, 2014, for full migration to SEPA, it is imperative that enterprises commence the migration process immediately,” said Jean-Marie Simon, director of Cegedim Global Payments. “Cegedim anticipated this accelerated schedule and, as one of the only available SEPA compliant platforms, has already started to work on a number of MAEA implementations.”

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