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The Dovetail SEPA Solution, fully functional out-of-the-box, integrates with your legacy
systems to deliver full compliance with minimal pain. It is a strategic element of an
integrated, component-based universal payments solution designed to give you the
flexibility to deal with an uncertain future.
This solution fully supports Priority Payment, Credit Transfer and Direct Debit payments
including inbound and outbound ‘R’ messages. It incorporates extensible SEPA
qualification rules including IBAN and BIC checking, and extensible routing rules for
multiple clearing and settlement mechanisms, bilateral and other channels. It offers a
single platform with all of the benefits of high throughput STP, with manual intervention
eliminated whenever possible. The solution is based on ISO 20022 standards and has
been developed with the input of major financial institutions.
It’s comprehensive, complete — and available.
Function-rich, Workflow Friendly
Credit transfer functions include the following:
• Receipt of instructions in multiple formats
• Conversion to and from ISO 20022
• Duplicate checking
• Validation
• Method of payment determination
• Bulking and unbulking
• IBAN and BIC validation
• Warehousing
• Routing
• Scheduled release of submissions
• Generation of accounting entries
• A host of further essential functions.
The Dovetail SEPA Solution can solve your tactical needs and be the start of a strategic
progressive renovation of your payments system.
Challenge or Opportunity?
SEPA, for all the challenges it presents, will provide significant profit opportunities. Banks
that decide to take a minimum compliance route will lose out to those who fully embrace
SEPA. The latter will be in a position to develop a more competitive payments offering-
and win business as a result.
SEPA Direct Debits, for example, are likely to be highly competitive as major creditor
customers get the opportunity to consolidate their collections from retail and business
customers across Europe, through one creditor bank.
The Dovetail SEPA Solution could put you ahead of the game.
View Dovetail's SEPA Brochure:
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