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Request To Pay SEPA
Request To Pay SEPA
Case Study
The new Request To Pay SEPA scheme to be added to the existing schemes (SCT, SCT Instant, SDD) , providing with a messaging service to transfer home payment requests.
Payment requests can be sent from one company to another, from a company to a private individual, or between individuals.
Usage scenarios
Collection of invoices between companies, where payments are made by ordinary bank transfer
Bill and other periodic and non-periodic charges collection at due date, made on creditor’s action
In online payments, as an alternative to debit and credit cards
Supporting payments at points of sale, with instant transfer of funds from customer to operator account
The first two scenarios are of particular relevance for suppliers are users of commercial collection services, such as SDD (Sepa Direct Debit), bank receipts, notified payments (MAV).
Benefits
Automatic invoice reconciliation via unique identifier contained in the payment request
Payment notice dematerialization and electronic transmission of debtor acceptance or refusal
User-friendlyness for payers, who no longer have to re-enter invoice/bill data and are automatically notified in case of requests towards them
Customers domiciled in other Countries eithin the Euro Area can be reached
Collection and payments can be integrated with added-value funding services both for creditors and debtors (e.g.: buy now, pay later)
The solution
Almaviva Group has a team of experts on “Request To Pay” and other SEPA schemes, overseeing legislative changes, technical and market standards.
In this step we offeradvisory and consulting for benchmarking and market analysis to identify the advantages in the adoption of a scheme within the bank/PSP offer and credit company collection management processes, as well as defining timing and business model. Our team is available for both use case analysis and go-live support services.
Contact us to participate in discussions and training events on Request To Pay SEPA or for more information about our services.
