Newgen to Host Seminar on 'Next Generation Payment Systems'

To showcase its BPM-based solution for facilitating Direct Debit payments

Online PR News – 23-August-2012 – Dubai, UAE – Newgen Software, a leading global provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM) solutions, is hosting a seminar on ‘Next Generation Payment Systems’, on August 28, 2012, at Hotel Grand Hyatt, Dubai. At the event, Newgen will showcase its BPM-based solution for facilitating Direct Debit payments.

The global transition from paper-based modes of payment to faster and more reliable electronic payment systems, presents significant challenges for banks to upgrade their legacy systems to facilitate straight-through processing of payments. The ‘Next Generation Payment Systems’ seminar has been designed to address every aspect of the evolving payments landscape in the Middle East, and its implications to banks, service providers and consumers. With a nearing deadline for the introduction of the UAE Direct Debit System (UAEDDS), the seminar will also help banks in assessing the requirements of the new system and implementing a compliant Direct Debit System in time.

Speaking about the event, Mr. Diwakar Nigam – MD & CEO, Newgen Software said “UAE Direct Debit System is a key development in the process of evolution of payment systems. The Newgen seminar will address issues related to the evolving payment ecosystem in the Middle East, and across the globe, covering legal framework, large value payment systems, retail payment systems etc. “

The seminar will provide attendees the opportunity to learn from financial technology experts and senior consultants, having decades of experience in delivering payment solutions to leading organizations across the globe.

A leading solution provider in the payments landscape, Newgen has implemented Electronic Fund Transfer (EFT) and Image-based Cheque Clearing solutions (ICCS) across the Indian Sub-continent, the Middle East, Africa and the SEA regions. 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), Direct Debit, Mobile Capture, etc.

Newgen’s marquee customers in the payments landscape include Bank of America, HSBC, Standard Chartered, ADCB, RAK Bank, UBL, Mashreq Bank, Ghana Commercial Bank, Imperial Bank, East West Bank, etc.