Worldline, ING Belgium join forces for MyBank eMandate solution

Wednesday 13 May 2015 10:34 CET | News

Worldline, a payments and transactional services provider, has partnered ING Belgium, to implement eMandates by MyBank to process SEPA Direct Debit.

As an online solution, MyBank allows customers of ING Belgium to give online authorisation on the eMandates for SEPA Direct Debit. The eMandate solution is based on online banking services that debtor banks are offering.

The debtor uses his already known online banking service to be identified and to authorise direct debit mandate, avoiding the inconvenience of a paper-based process. The automated eMandates solution by MyBank covers the issuing, amendment and cancellation of eMandates in a simple way as there is no need to deal with several layers of barriers. For the creditor, eMandates are simplifying the storage and retrieval of payment data.

“After the successful migration to SEPA (Single Euro Payment Area) we are looking for new services to improve the customer experience on the usage of the SEPA payment facilities. The usage of Direct Debits requires a duly signed mandate. In order to facilitate this process in a digital world, we are convinced that MyBank solution will simplify the process for as well the selling party as for the buying party. The solution is also built for a cross border reach, which makes the service future proof and helps us to empower people to stay a step ahead in life and in business.” states Begoña Blanco Sanchez of ING Belgium.

Worldline offers a SEPA compliant solution to process SEPA Credit Transfer and eMandates with MyBank, related to the issuance, acceptance and maintenance of electronic mandates at the pan-European level.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Worldline, ING Belgium, MyBank, eMandate solution, banking sector, e-payments, regulation
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce


Bain Capital, Advent expected to buy Concardis for EUR 700 mln

Published 10 Jan 2017 09:31 CET | World
Bain Capital and Advent, private equity firms, are expected to buy Concardis, a German payment group, for about EUR 700 million euros....

ISTS Worldwide to expand payment platforms by implementing Microsoft .NET technology

Published 02 Jul 2009 15:55 CET | World
ISTS Worldwide, a US technology provider in the retail and payments business, has announced plans to extend payments frameworks via the Microsoft .NET products, including BizTalk Server and SQL Server....

Vcommerce Powers International E-Commerce Initiative for Napster

Published 07 Jun 2005 00:55 CET | World
Vcommerce Solution Adds Retail Sales of MP3 Players and Accessories to Napster Offerings...