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Newgen Launches its Payment Solution for Direct Debit Mandate - With the clock ticking for the UAE Direct Debit System (UAEDDS), Newgen helps banks prepare to meet the challenge - NewgenSoft.com
Newgen Launches its Payment Solution for Direct Debit Mandate

 

NewswireToday - /newswire/ - New Delhi, Delhi, India, 2012/07/31 - With the clock ticking for the UAE Direct Debit System (UAEDDS), Newgen helps banks prepare to meet the challenge - NewgenSoft.com.

   
 
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Newgen Software, a leading global provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM) has enhanced its BPM-based payment solution stack for facilitating Direct Debit payments. Newgen is a leading solution provider in the payments landscape and has implemented Electronic Fund Transfer (EFT) solutions and Image-based Cheque Clearing Systems (ICCS) across the Indian Sub-continent, the Middle East, Africa and the SEA regions.

Speaking about the advent of the UAEDDS, Mr. Diwakar Nigam –CEO & Managing Director, Newgen Software said,“Newgen's solution for Direct Debit payments has been designed to help banks to automate error-prone processes and efficiently manage electronic fund transfers, while reducing their operational expenses. Further, the system can scale up to offer business benefits across multiple lines of businesses within banks.”

With the Direct Debit System becoming mandatory in the UAE, a significant challenge for banks is to upgrade their legacy systems to facilitate straight-through processing of Direct Debits. However, it also presents an opportunity. Faster, safer and easier payments will certainly result in improved customer satisfaction and loyalty. Further, with no more queues at branches for paying bills, bank staff can focus on building relationships and making them efficient and productive.

Newgen offers a unified hub for payments processing (image and non-image based), enabling banks to effortlessly migrate from legacy payment systems to ICCS, EFT, Automated Clearing House (ACH), remote capture, etc.

About Newgen

Newgen Software Technologies Limited (newgensoft.com) is a leading global provider of Business Process Management (BPM), Enterprise Content management (ECM) and Customer Communication Management, with a global footprint of 900 installations in over 50 countries with large, mission-critical solutions deployed at the world's leading Banks, Insurance firms, BPO’s, Healthcare Organizations, Government, Telecom Companies & Shared Service Centers.

Newgen’s Quality Systems are certified against ISO 9001:2008 and Information Security Standard, ISO 27001:2005. Newgen has been assessed at CMMi Level3.

Press Contact:
Rohit Thakur, Senior Manager, Newgen Software
D-152 Ohkla Phase 1 - New Delhi-110020

 
 
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Written by / Agency / Source: Newgen Software Technologies Ltd

 
 

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Newgen Launches its Payment Solution for Direct Debit Mandate

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Publisher Contact: Priyadarshini Nigam - Newgen.co.in 
+91 11-26815467 priyadarshini[.]newgen.co.in
 
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