UK mobile phone retailer Carphone Warehouse said that it has achieved single euro payments area (SEPA) compliance in advance of the 1 February 2014 deadline for migration by automating its entire direct debit collection process.
Automic is delivering an end-to-end software as a service (SaaS) which has given the Carphone Warehouse management team visibility into the collection process. With automatic checks performed at every stage, Automic’s solution is targeting a reduction in direct debit failures of 90% and the company has been selected by the retailer to be a part of its ‘Connected World’ initiative.
“We have huge aspirations for ‘Connected World’ from Carphone Warehouse,” said David Byrne, enterprise architecture director, Carphone Warehouse and chief information officer (CIO), ‘Connected World’. “We see it as enabling retailers, original equipment manufacturers and network businesses around the globe to leverage all the expertise and processes that we have built into our operations over the last 24 years.
“Automic’s automation platform is part of the software product that we have developed that implements this knowledge which we are now offering customers of ‘Connected World’ all over the globe.”
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
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