SEPA direct debit: Difference between revisions
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* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[SEPA credit transfer]] | * [[SEPA credit transfer]] | ||
* [[SEPA direct debit business to business scheme]] | |||
* [[Single Euro Payments Area]] | * [[Single Euro Payments Area]] | ||
* [[Straight-through processing]] | * [[Straight-through processing]] | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Latest revision as of 06:02, 14 April 2019
(SDD).
A direct debit made under the SEPA scheme rules, either within or across national boundaries within Europe, whereby one-off and repetitive payments are initiated by the payee to collect payments electronically from the debtor’s bank account based on a mandate giving pre-authorisation.
The scheme provides for mandate creation, predictable and convenient time-cycles, appropriate refund rules and the necessary features to permit end to end straight-through-processing.
