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Recurring Payments

Flexible solution for recurring payments based on SEPA Direct Debit.

Recurring Payments within the Single Euro Payments Area (SEPA)

Recurring payments, also known as subscription payments, are a type of payment arrangement where a customer authorizes a merchant or service provider to automatically charge their account at regular intervals. This arrangement is commonly used for ongoing services such as subscription-based products (e.g., monthly deliveries of a beauty box), online memberships (e.g., monthly access to a streaming service), and utility bills (e.g., monthly electricity bills).

Such regular payments are mostly executed as SEPA Direct Debits (SDD). Worldline offers a convenient and secure payment solution that enables corporates and banks to manage SEPA mandates throughout its entire lifecycle (creation, validation via e-signature, archiving, etc.), process SEPA Direct Debits (one-time or recurring) and SEPA Credit Transfers (ongoing or scheduled).

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Value for Merchants / Service Providers (Debtors)

· Lower payment costs compared to cards.
· Fully compliant and trustworthy payment mean.
· Full control of the payment process (in combination with billing).
· Reduced payment failures.
· Higher customer satisfaction and loyalty.
· Payment guarantee for high value transactions.
· Secure payment transaction via fraud checks.
· Convenient user experience – only one time setup.
· Environmental friendly (no paper).

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Value for consumers (Creditors)

· No missed or late payments.
· Convenient payment method - no further interaction after payment setup.
· Clear control of payment means by defining the mandate (creditor, amount, frequency).
· Full control over the payments due to regular payment pre-notifications.
· Possibility of payment reject in case of unauthorized payment.
· Very secure payment mean (trust).
· No risk of transferring money to the wrong payee.

Our SEPA Payment Suite (SPS) differentiators:

A pan-European solution

Manage all SEPA payments and multi-currency collections.

A 100% Worldline platform

Supported by competent authorities and ensuring high Service Level Agreements (hosting, certificate authority, etc).

An industrial and scalable platform

Able to manage high transactions volumes (several million transactions per hour, 250M SDD per year, 50M mandates).

A single platform

That offer many interfaces to manage SEPA mandates and payments (web services, files transfer, back office acces, etc.).

A modular offering

That can be easily combined with other end-to-end Worldline secure payment solutions: card payments (SIPS), fraud detection, identity check, etc.)

Continuous upgrades

To integrate regulation updates and propose new value-added services and payments e.g. SCT-Inst.

Benefits for a wide range of customers

Transportation

Public Transport subscription. Bike-sharing system. Toll badge & parking.

Telecommunications & Medias

Internet and mobile subscription, music and video streaming. Newspapers.

Health & Social

Contributions: health insurance, retirement pension. Reimbursement of medical expenses. Fitness club and sports abonnement.

Public Sector & Education

Public institutions and education: university and school fees, cafeteria.

Automotive & Industry

Fuel card and eCar charging card. Vehicle subscription and maintenance services.

Insurances

Car and house insurance, loans indemnity and compensation.

Utilities

Energy subscriptions: water, electricity, fuel, gas, etc.

Retail

Service to corporates: coffee machine, cleaning,
maintenance, etc. Market place: merchants subscriptions to be visible, etc.

SEPA Direct Debit

In order to use SEPA Direct Debit (SDD) as a payment method the consumer has to sign a mandate that authorizes the creditor to debit money from the consumer’s account. This mandate contains information about the payer e.g. name, IBAN and signature date. 14 days before each debit transaction, the creditor has to inform the consumer (debtor) about the payment due date and the amount. The SDD enables the bank of the creditor (e.g. merchant, corporate or reseller) to collect money from the consumer´s (B2B/B2C) account on a regular basis.

Our SEPA solution provides an entire mandate lifecycle management as well as the processing of SEPA Direct Debit and SEPA Credit Transfers. You can be sure to get paid even if the SEPA Direct Debit is refused by the consumer bank, thanks to our Payment Guarantee option. This valuable feature will mitigate your risk of non-payment and reduce your effort of analysing R-Transactions and dunning process.

Functionalities

- Access via back-office, web service, or file-transfer
- Conversion of domestic file formats to SEPA
- Management of SEPA files: PACS, SDD B2B/B2C, SCT, SCT Inst, R-Transaction
- Split, enrichment features
- Manual validation / threshold parameters
- Archiving of transactions during whole mandate activation
- Integration & event reporting
- Manage the mandate lifecycle (creation, validation via e-signature, change updates, switching account, archiving, etcetera)
- Access via back-office or web service
- of SDD mandates
- of mandates & contracts (optional)
- Get paid even if the SEPA Direct Debit is refused by the consumer bank
- Mitigate your risk of non-payment
- Reduce your effort of analysing R-Transactions and dunning process

- Parameterization of own rules and scoring
- IBAN check and verification
- Strong Customer Authorization (SCA)
- IBAN & account holder check
- Detailed statistics on mandates, SDDs, SCTs, R-Transactions
- Transactions research modules
- Cash forecast functionality for Treasurers
- Manage complex corporate hierarchy organization
- Alerting

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Why choose Worldline?

Guaranteed compliance and security

As the leading European provider of payment and transactional services, trust is critical. We ensure compliance with all applicable laws, industry standards, rules and regulations.

New revenues and value-added services

Create new revenue streams with our value-added services.

Delivery innovations in payments

From digital currencies to new payment methods and self-service, we are ahead of the curve when it comes to payment trends. We’ll take you with us.