Payments capture

Achieving the SEPA vision will involve substantial commitment from banks. Time, cost and expertise have been applied to the creation of a more efficient and competitive payments industry. Many of the banks responsible for creating this new economic environment are facing threats to traditional revenue streams and are looking for ways to succeed in the new climate. Harnessing new income generating capabilities emerging from the SEPA could change the balance between cost and revenue.

Payments capture from VocaLink allows banks to offer their business customers a way to submit payments directly into the clearing system whilst retaining control over the relationship. More importantly, the service opens the door to the revenue potential of e-payment propositions such as hosted direct debit mandate management, e-invoicing and e-billing services.

Payments capture is an end-to-end hosted service from VocaLink that allows banks to attract and retain corporate accounts. Offering more than compliant processing, this feature-rich white-labelled service enhances the bank-customer relationship and unlocks the potential for banks to offer innovative e-payment services. Easily integrated with corporate ERP systems, the service allows businesses to improve their straight-through processing capabilities.

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To find out more information, read the payments capture product sheet.