As the new, secure payment method valid across Europe, SEPA provides PSPs/ISOs and their merchants with an efficient way to serve international customers with a simple procedure and in a more service-oriented way. This will thus help them to further grow their own customer base. A bank account is the only prerequisite for merchants and customers; other issues such as registration, software and individual checks are no longer necessary. SEPA is thus paving the way towards a simple international e-commerce system in Europe. For international providers from the USA, Asia and other regions of the world, SEPA offers a long-awaited harmonisation which minimises the extensive contractual and integration efforts typically required in payment technology.

Markus Rinderer, CEO of PAY.ON AG: "SEPA offers significant benefits to merchants in Europe and around the world by making their e-commerce more customer-oriented. The potential is enormous if you consider that out of around 500 million people in Europe only 125 million have a credit card, but they all have a bank account - the only requirement for using SEPA. E-commerce in Europe now has a great opportunity to take cross-border trade into a new era, all thanks to SEPA. PAY.ON has provided its customers with all the tools needed to take the relevant steps for the market in good time."

Amran Khalid, Director International Sales, P4 Solutions: "Direct debit, which is popular in Germany, can continue to be offered beyond 1 February 2014 by means of the P4 SEPA connector. Contrary to the recommendation issued by the German banking association, the SEPA rule book does not require a written paper or fax mandate. The e-mandate tool from P4 Solutions, available as part of the solution provided by PAY.ON, makes it possible to perform this virtually in a secure manner. P4 takes on payment processing by means of the P4 SEPA connector integrated with PAY.ON. This involves transaction processing with the bank of the PSP and management of the various e-mandates on a secure e-mandate server, as well as format reconciliation and bank file generation. This allows PSPs and ISOs to easily continue using their own bank. As a result, the only requirements are Electronic Banking Internet Communication Standard (EBICS) access and activation of the P4 SEPA connector with PAY.ON, and then the PSP is SEPA-ready for its merchants."

About P4 Solutions:
P4 Solutions is a solutions provider specialising in online business, which provides PSPs/ISOs and banks with individually developed gateways and software for online payment processing. P4 has an individual SEPA e-mandate server for online business and offers a complete solution for PSPs, ISOs and banks to handle this. P4 has been one of the leading specialised solutions providers in Europe for technical processing of direct-debit and SEPA schemes for almost ten years. Further information can be found at http://www.p4-solutions.de

About PAY.ON:
PAY.ON AG is the world's leading operator of multichannel payment infrastructure systems and supplier of the white-label platform PaySourcing and the routing gateway PayPipe. PaySourcing makes it possible for customers to outsource all relevant payment and risk management processes or procure them via cloud computing and thus become a payment service provider themselves whilst saving money, time and resources. PayPipe is a high-performance payment gateway that connects all payment market participants with each other across the world via a single interface. Accordingly, PayPipe accelerates global availability for all market participants like no other network. PayPipe allows transactions to be processed online for all payment methods in all currencies and across all systems. All PAY.ON systems guarantee compliance with the security and requirements standards that apply to the international payment market. Further information can be found at http://www.payon.com