Electronic Signature Service Bureau Support for SEPA eMandate Compliance
PARIS and REDWOOD SHORES, Calif.- Cegedim Global Payments ("Cegedim"; EURONEXT: CGM), a specialist in global payment systems and dematerialization, or the removal of paper-based processes, and Communication Intelligence Corporation ("CIC"; OTCQB: CICI), a leading supplier of electronic signature solutions and the recognized leader in biometric signature verification, have partnered to help enterprises migrate their systems to the Single Euro Payments Area ("SEPA"), the European Union's payment integration initiative for simplification and harmonization of member state money transfer systems.
Cegedim's innovative MAEA software suite, which complies both with SEPA requirements and the European Commission's Payment Services Directive, and which allows enterprises to maintain their existing subscription and collection processes with minimum impact on their IT infrastructures, coupled with CIC's electronic signature technology represents an elegant and easy to integrate solution that delivers full dematerialization for enterprises.
Initially focused on direct debits, which have become the second most widely used payment method in Europe (after bank cards), with 20 billion transactions in 2010, of which 3.4 billion in France, MAEA provides a complete solution for the management of SEPA electronic mandates ("eMandates"), or authorizations, and related payment transactions. CIC's electronic signature solution is accessed for completion of a valid eMandate and is available now for immediate deployment through MAEA as a high security service bureau that completes each eMandate with a separate and valid electronic signature.
"With the European Parliament's recently set deadline of February 1, 2014, for full migration to SEPA, it is imperative that enterprises commence the migration process immediately," stated Jean-Marie Simon, Director of Cegedim Global Payments. "Cegedim anticipated this accelerated schedule and, as one of the only available SEPA compliant platforms, has already started to work on a number of MAEA implementations."
"Electronic signatures represent a cornerstone of the drive towards dematerialization and of the proven cost savings afforded by straight-through electronic processing," continued Mr. Simon. "We conducted an extensive search for the ideal electronic signature provider to partner with and chose Silicon Valley-based CIC due to its commitment to high-security electronic solutions and its leadership position in biometric signature verification. 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."
"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," stated William Keiper, CIC's President and Chief Operating Officer. "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."
"We look forward to a long and mutually beneficial relationship with Cegedim," continued Mr. Keiper. "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."
MAEA supports all the legal requirements and needs for timely SEPA migration, and is targeted to major European creditors in all business sectors. For more information on MAEA and Cegedim's related solutions, including its Sign & Archive and CEGEPass services, please visit http://www.cegedim.fr/solutions/tous-secteurs/Pages/Migration-SEPA.aspx.
Cegedim also offers new payment methods for the settlement of electronic invoices, using its direct debit management solutions and relying on CIC's electronic signature technology. Without such critical solutions, related development prospects for enterprises are daunting, considering the February 1, 2016, date for final elimination of all paper-based payment methods.
Founded in 1969, Cegedim is a global technology and services company specializing in the healthcare field. Cegedim supplies services, technological tools, specialized software, data flow management services and databases. Its offerings are targeted notably at healthcare industries, life science companies, healthcare professionals and insurance companies. The world leader in life sciences CRM, Cegedim is also one of the leading suppliers of strategic healthcare industry data. Cegedim employs 8,200 people in more than 80 countries and generated revenue of euro 911 million in 2011. Cegedim SA is listed in Paris (EURONEXT: CGM). To learn more, please visit:www.cegedim.com.
CIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC's solutions are available both in SaaS and on-premise delivery models and afford "straight- through-processing," which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper- based procedures. CIC is headquartered in Redwood Shores, California, and is listed on the OTCQB www.otcmarkets.com's "venture marketplace" (OTCQB: CICI). For more information, please visit our website atwww.cic.com.
Jan Eryk UMIASTOWSKI Guillaume DE CHAMISSO
Tel.: +33 (0)1 49 09 68 81
SOURCE Communication Intelligence Corporation
Web Site: www.cic.com