SEPA direct debit: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Link with SEPA credit transfer page.)
imported>Doug Williamson
m (Order links.)
Line 8: Line 8:
== See also ==
== See also ==
* [[Direct debit]]
* [[Direct debit]]
* [[Payments and payment systems]]
* [[SEPA credit transfer]]
* [[SEPA credit transfer]]
* [[Single Euro Payments Area]]
* [[Single Euro Payments Area]]
* [[Straight-through processing]]
* [[Straight-through processing]]
* [[Payments and payment systems]]


[[Category:Cash_management]]
[[Category:Cash_management]]

Revision as of 20:15, 1 December 2018

(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