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Worldline selects MyBank e-mandate service to introduce an SEPA direct debit service

The full MyBank e-mandate service launches on 27th October, see, and will provide:

  • an e-payment service e-payment service allows a company user to obtain a real time authorisation for the transfer of funds from a customer’s bank account to the online business’ bank account using a SEPA Credit Transfer. 
  • consumer users with the full e-mandate security to sign up Direct Debits, confirm your identity or make payments.

Source & Copyright©2014 - MyBank

The MyBank mandates cover varying needs:

  • SDD CORE and CORE1 mandates
  • SDD B2B mandates
  • SDD CORE mandates with waived automatic refund rights.

Banks and service providers are signing up

The latest announcement was from Worldline, an Atos subsidiary for e-payment services, who has just announced the introduction of an electronic mandate service for SEPA, supporting MyBank, a pan-European e-payments framework.

In the new Worldline e-SEPA services, consumers can pay for their orders online through a direct debit or a credit transfer. With MyBank, Worldline provides routing services enabling merchants to redirect customers to their banks and validation services on the customer’s bank’s side to provide authentication.

CTMfile take: When is your organisation going to adopt MyBank e-mandates?

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This item appears in the following sections:
Cash & Liquidity Management
Cash & Liquidity Mngm in Europe
Payments - Receipts at POS
Collecting Payments on the Internet
Direct Debit Bill Payments
Regular Bill Payments from Consumers