Cegedim and CIC to provide European-compliant financial software solutions

July 6, 2012 - 

The European Parliament has set February 1, 2014 as its deadline for enterprises to fully migrate their system to a Single Euro Payments Area (SEPA) for simplification and harmonization of member state money transfer systems. In line with this, a specialist in global payment systems and dematerialization, Cegedim Global Payments and Communication Intelligence Corporation (CIC), a recognized leader in biometric signature verification, has teamed up to help enterprises to integrate their systems to comply with eMandates or SEPA electronic mandates.

Cegedim’s MAEA software suite is compliant to both SEPA and EU’s Payment Services Directive. The software can easily integrate the existing system of the enterprises with minimal impact on their IT infrastructures. Integrated with CIC’s electronic signature system, it offers a high-security electronic solution that completes each “eMandate” with a separate and valid electronic signature.

Cegedim has conducted an extensive search for the ideal electronic signature provider to partner with before choosing Silicon Valley-based CIC.

According to Jean-Marie Simon, Director of Cegedim Global Payments: “Electronic signatures represent a cornerstone of the drive towards dematerialization and of the proven cost savings afforded by straight-through electronic processing. CIC has a long and successful track record in solving the high volume electronic signature requirements for several leading financial institution and insurance carrier enterprises, for which signature authenticity and validity represents an indispensable condition for the adoption of an electronic signature solution.”

On behalf of CIC, William Keiper, President and Chief Operating Officer said: “Cegedim’s MAEA platform is a world class, elegant solution that solves the significant SEPA challenge faced by European enterprises today, and is a perfect fit to CIC’s one-to-many partner integration strategy. CIC has delivered tangible ROI to our end users in their dematerialization efforts, and is confident that the SEPA migration represents a unique opportunity for adopters of MAEA to generate immediate cost savings and to manage their businesses more efficiently.”

Keiper also noted: “We look forward to a long and mutually beneficial relationship with Cegedim. MAEA is only the first step in a wider opportunity that will deliver electronic signature solutions and straight-through processing to Cegedim’s CRM and other businesses and to their respective clients.”

What do you think? Is dematerialization beneficial to enterprises in European Union countries? Let us know in the comments section below.

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About T'ash Spenser

T’ash Spencer writes full time for BiometricUpdate.com. She has 15 years experience in the field of regional planning and earned her Master’s of Science in Regional Development Planning and Management from the University of Dortmund, Germany. Follow her @tashspencer1.