Archive | Direct Debits

Collection of funds through direct debits, SEPA Scheme, Interbank exchanges, Domestic clearing systems, Messages standards, Mandates management

Payment Market Infrastructures in the World – United Kingdom Part I

In our last videos, we spoke about the payment market infrastructures in Sweden. In today’s video, we will consider the payment market infrastructures of the United Kingdom. As before, we first look at the generic model that you can use to study the market infrastructures of your own country.Like Sweden, the UK has its own […]

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Secrets to understand Payments Market Infrastructures – Sweden Part 2

In the previous video, we explained how Payment Market Infrastructures are structured anywhere in the world while focusing on the example of Sweden. Swedish banks can join the Payment Market Infrastructures for the Swedish krona, but they can join European Market Infrastructures as well: Which impact does it have on banks and Sweden and how can […]

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Image of a Structure of the SWIFT BIC Code structure

SWIFT BIC Code

The SWIFT BIC code is a standardized international identifier (ISO 9362) used in financial messages exchanges. Understanding what the BIC code is fundamental because it is used to identify entities and to route payments messages over SWIFTNet, the SWIFT secure IP Network. What does BIC stand for? and what is the BIC? Does BIC stand for […]

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Image for Messages exchanged in the SDD Schemes

ISO 20022 Messages exchanged in the SDD schemes

After looking at the different SDD schemes, the involved players and their roles, the next thing to consider is the messages exchanged in the schemes. Which messages do the different players exchange and for what purpose? To find out which messages are exchanged in the schemes, the documents to consult are the SDD implementations guidelines […]

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