SEPA Direct Debit - SEPA for Corporates

Important: SEPA TARGET Closing Days 2022 and 2023 1

May

7

2022

Errrmmmm, you may be wondering – where the heck have i been? It has been almost 2 years since my last post and WOW, what a 2 years! To be honest, there is too much to share and perhaps i will dive into that another time – if you’re interested. But know that I am ...

Important: SEPA TARGET Closing Days 2019 and 2020 2

Jan

4

2019

It is critical that you’re aware of the TARGET closing days (TARGET public holidays) since your SEPA payments will not be processed on these dates. You must avoid submitting SEPA payments for execution date or value date equal to a SEPA holiday / TARGET closing day. Any payments will have to be made in advance ...

SEPA TARGET Closing Days 2017 and 2018

Feb

17

2016

I received an email today asking for the SEPA TARGET closing dates for 2017. I’m guessing other people will also be interested in the SEPA TARGET holiday dates so will share the information in this post. Check out the post SEPA Holidays 2015 / 2016 – YOU Need to Know These Dates! for the holiday ...

November 2015 SEPA Rulebook Is LIVE..!

Nov

24

2015

Some of you may be aware that yesterday (22nd November, 2015) saw the introduction of new SEPA Rulebook for both the SEPA Credit Transfer and for the SEPA Direct Debit scheme. The new SEPA Rulebook changes have caused some people to panic, and others to go into denial. I’m exaggerating of course! But the new SEPA ...

Payment Reason Codes, R-Transactions, R-Messages 21

Sep

10

2015

Most corporates focus on getting their payments to the banks in a controlled, secure and efficient manner. Once at the bank, corporates want to ensure that their payments STP – Straight Through Process. The objective is firmly on the connectivity from the corporate to the bank, and then ensuring that the payments data and format ...

SEPA Creditor Identifier By Country 20

Sep

3

2015

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 ...

The Benefits of SEPA According to PWC 2

Jul

23

2015

PWC were assigned by the European Commission DG Internal Market & Services to analyse the benefits and opportunities presented by SEPA once ‘fully embraced’. The report released last year in January 2014, provides us with some interesting insights into the opportunities and benefits of SEPA. Some aspects of the report are very technical and theoretical, but ...

5 SEPA Preparation Tasks You Need To Do TODAY

May

18

2015

A couple of months have passed since the post SEPA Deadline: 1st February 2016 – The Countdown Begins. Many of us are busy with other projects, and as a result putting back the SEPA preparation that needs to happen in order to ensure readiness for February 2016. In this post, I am going to make 5 ...

4 SEPA File Format Checks That Are Being Ignored… 1

May

11

2015

Having gone live with various SEPA file formats last year, we’re starting to see some complacency by those involved in SEPA implementations. After all, last year many of us were managing multiple SEPA payments and SEPA direct debit deployments across Europe – so doing one here and there at this time should be easy, right? Well – ...

SEPA Deadline: 1st February 2016 – The Countdown Begins 9

Feb

27

2015

When all hands were on deck for the original SEPA deadline, talk of February 2016 felt like an age away. Yet here we are in February 2015 and the countdown to the next SEPA deadline is less than a year away. The EPC post SEPA Compliance in the Euro Area: Get Ready for February 2016. ...