ModusLink adds P4 Solutions’ SEPA Direct Debit Processing System to its Network

(openPR) P4 Solutions announces new customer ModusLink Global Solutions can now provide their online e-commerce clients with an additional financial management service that provides access to SEPA (Single European Payment Area) Direct Debit Processing.

The eMandate tool included in the SEPA Direct Debit Processing solution provides additional capability, making it possible to perform an e-mandate virtually in a secure manner. This includes risk management, a white-label payment page for the online customer with authentication features (signature, SMS, PIN-TAN, email and quality call), transaction processing with the bank, and management of the various e-mandates on a secure server. The tool also manages format reconciliation and bank file generation.

Amran Khalid, Director International Sales, P4 Solutions: “Direct debit is a long-established payment method, particularly in the European heartland, which significantly simplifies the processing of one-off and recurring payments in e-commerce. Direct debit is most widely used in countries Germany, Austria, Netherlands, Spain and Great Britain, where it is firmly embedded as a payment option within the payment process. As a result, the integration of our SEPA Direct Debit Processing from P4 offers sustainable benefits for both European and international companies. P4 Solutions is proud to be ModusLink’s chosen provider for SEPA direct debit and e-mandate services for their national and international merchants.”

“The P4 Solution offers our global online merchants the possibility to be SEPA-ready from day one,” said Andre Malinowski, Director Financial Management Solutions at ModusLink. “With all its benefits and extensive security features, the P4-Solution helps our clients increase their reach and potential conversion across Europe. This is a strategic addition to our financial management offering and the P4 Solutions tool compliments our mission to simplify the complexities of global financial management for our e-commerce clients.”