KBC Will Introduce Online Direct Debit Mandates

KBC Will Introduce Online Direct Debit Mandates
03.06.2015 01:00 am

KBC Will Introduce Online Direct Debit Mandates

Wholesale Banking

From June 6, the business customers of KBC will be able to handle their European B2B direct debit mandates fully electronically.

From then on, they will be able to settle these mandates in just a few clicks. To achieve this, KBC works together with Twikey, the Belgian market leader in the field of electronic direct debit mandates. Creditors use B2B direct debits because they offer more security and guarantees than the European direct debit CORE. 

However, the follow up of the approval of this type of mandates and the delivery of the mandate data by the debtor to his bank often proofs to be a real hassle. To overcome this problem, Twikey has fully automated the handling process for direct debit mandates. From now on, the customer-debtor no longer has to visit or register his mandate at his bank. KBC customers can safely settle their direct debit mandate online in just a few clicks with their electronic identity card (eID) by using the user-friendly Twikey internet environment. 

“With the additional support of KBC, we can help companies reduce the average waiting time of eight weeks to fully settle a B2B European direct debit mandate to an absolute minimum. Mistakes are no longer possible and the mandates are handled fully electronically.”, says Dominique Adriansens, founder of Twikey. “With KBC as a new partner on our platform, we are the first country in Europe to support 93 % of the companies electronically.”

“As a bank, we strive to offer our customers user-friendly products. Digital solutions such as Twikey absolutely help us to achieve this goal. Thanks to Twikey and the use of the electronic identity card (eID), our customers can now rely on a quick and safe solution to sign their mutual agreements”, confirms, Ivo De Meersman, general manager Payments and Cards

Related News

ChartIQ Updates Desktop Integration Platform

ChartIQ, a financial technology company that delivers software to help the finance world work smarter, today introduced Finsemble 4.0, the latest release of the company’s... Read more »

AcadiaSoft and Clarus Team on Initial Margin Analytics Service

AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced it will launch a joint... Read more »

Penta Offers Founder Package For Easy Company Creation

German business banking platform Penta has opened a one-stop shop for entrepreneurs to get their business propositions off the ground, co-operating with legal network... Read more »

Tencent and DST Global Pump $115 Million into Qonto

French neobank Qonto has raised $115 million in Series C funding from Tencent and DST Global to double down on existing markets, develop new features to tailor its products to... Read more »

Wethaq Launches First Sukuk on its Market Infrastructure Using SWIFT gpi Link

Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial... Read more »

Capitolis Raises $40 Million

Capitolis, a 'next generation' provider of capital markets technology founded by Gil Mandelzis, ex-Traiana, and Icap, Tom Glocer, ex-CEO of Thomson Reuters, and Igor... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel