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Digital Identity, Security & Online Fraud

Latvia: BalticPay integrates SEPA Direct Debit from P4 Solutions with its network

Tuesday 5 August 2014 | 10:06 AM CET

BalticPay, a Latvian financial institution, can now provide its online clients with an additional financial management service that provides access to SEPA Direct Debit Processing with e-Mandate of P4 Solutions.

The Managed SEPA e-mandate system from P4 Solutions provides managed processing for SEPA Direct-Debit Payments for online business.

Moreover, the e-mandate tool from P4 Solutions allows performing mandates virtually, a process which implies risk management, a white labelled payment page for the online customer with authentication features like signature, SMS, PIN-TAN, email and call, transaction processing with the bank and management of the various e-mandates on an e-mandate server, as well as format reconciliation and bank file generation.

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