SEPA Creditor Identifier By Country 15

As the SEPA February 2016 deadline approaches, we need to remember that there are many components to a SEPA Direct Debit implementation. In the SEPA Direct Debit Key Considerations post, i’ve highlighted all of the mandatory fields that you need to capture. One of those fields is the SEPA Creditor Identifier, which i will cover ...

Italy – Migrating RID to SEPA Direct Debit 1

I thought I had this whole SEPA malarkey figured out. For payments we implement the SEPA XML PAIN.001 format, and for direct debit collections the SEPA PAIN.008 format. Of course, we all recognise the additional complexities of a SEPA Direct Debit implementation. Namely, the need for a SEPA Creditor Identifier, understanding the difference between SEPA ...

Belgium – Migrating DOM80 to SEPA Direct Debit CORE

Ok, I know this post is a bit late. Especially since the┬áSEPA go live in Belgium was on 1st April, 2014. If you’re working on a SEPA implementation in multiple countries, be aware of the various SEPA Deadlines By Country. But the information maybe relevant for some corporates who may have put off their SEPA ...

Quick Guide To COR1 SEPA Direct Debits 6

Many legacy direct debit schemes were pretty efficient and allowed creditors to collect according to various business requirements. Some legacy schemes allowed collections to be submitted to the bank / clearing 1 day prior to the collection date. This has now changed under SEPA direct debit CORE processing where the requirement is for collection instructions to ...

SEPA Direct Debit Key Considerations 7

If your following through the various SEPA Direct Debit related posts, i’d suggest the following order: SEPA Direct Debit – An Overview Differences between the SEPA Core and B2B Schemes I’m guessing you will have done some of your own reading too, and you’ll be thinking about implementing the SEPA Direct Debit process within your ...

Difference between SEPA Core and B2B Schemes 14

In the SEPA Direct Debit Overview, i have highlighted in brief what the SEPA direct debit scheme is all about. From that we understand there are two SEPA Direct Debit schemes: Core and B2B. Here i will highlight some, not all, of the key differences that you need to be aware of. Before we get ...

SEPA Direct Debit – A Quick Overview 20

Similar to the SEPA Credit Transfer post – for direct debits though, there has been a particular emphasis in the last few months on SEPA direct debits (SDD). This wealth of information being released is probably due a combination of the very low take up of SEPA direct debits (total percentage of SEPA direct debits ...