SEPA XML in a Nutshell 20

The intention of this post is to give you an understanding of what XML is, how it relates to SEPA and items to take note of. It will not give you the A-Z of XML, consult your technical resources for that and the EPC website. Lets start with the basics, what is XML? eXtensible Markup ...

SEPA Deadline – 2 Months and Ticking….. 2

We have just over 2 months to go until the SEPA deadline. You need to take stock of where you’re at with you’re SEPA implementation. Your probably already sending monthly updates to your key stakeholders, with details of successes, failures, risks up to this point. Thats all great. The following approach should take you about ...

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 ...

A Must Visit Website for any SEPA Implementation… 5

I know what you’re thinking, he’s going to plug his own website ­čśë By now, i think we’re all realising the pain point of any implementation is the validity of the BIC information.┬áThere are of course many sites that can help you with this particular problem area.┬áBut there is one that deserves special attention for ...

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 24

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 ...