BNP Paribas: Named exclusive partner for Stellantis’ captive in Germany, Austria, and the UK

BNP Paribas: Named exclusive partner for Stellantis’ captive in Germany, Austria, and the UK

• BNP Paribas Cash Management selects Worldline to reduce fraud in SEPA Direct Debit transactions
• Worldline’s solution combines the electronic signature of SEPA mandates with Open Banking-based account validation
• It has implemented the solution in Germany, Italy, and France, with additional countries to follow
• The solution eliminates the risk of IBAN misuse during the mandate signature process
• The solution benefits companies, merchants, and consumers with a secure, low-risk payment method and better user experience
• It gains a first-mover advantage and sets a new standard in setting up SEPA Direct Debit payments