Not-for-profit and SEPA direct debit: Difference between pages
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(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. | |||
== See also == | == See also == | ||
* [[Direct debit]] | |||
* [[Single Euro Payments Area]] | |||
* [[Straight-through processing]] | |||
Revision as of 14:20, 23 October 2012
(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.
See also
