Archive | SEPA DD

Direct Debits in the SEPA Area

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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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Main differences between SEPA Direct Debit Core and SEPA Direct Debit B2B Schemes

Before considering the differences between SEPA Direct Debit Core and SEPA Direct Debit B2B Schemes, it is worth reminding ourselves what a scheme is. The European Payments Council (EPC) defines a scheme as following: “A payment scheme is a set of rules which Payment Services Providers (PSPs) have agreed upon to execute transactions through a specific […]

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The Four Corner Model for the SEPA Direct Debit

The Four Corner Model for SEPA Direct Debit

If you ever want to understand how a payment instrument works and specifically the SEPA Direct Debit, the place to start is to draw the Four Corner Model and to study it. In introductory articles, we analyzed the open loop model, which remains the most widespread payments system model in the world. The Four Corner […]

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Camt messages for customer reporting in the Customer to Bank Space

Camt messages for customer reporting in the Customer to bank space

The EPC recommends three messages for the customer reporting. The bank can use one or many of them, according to client’s needs, to provide account reports, account statements and debit/credit notification. It is important to understand that these reporting messages are for customers which can integrate and process them in own IT systems. They are […]

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European Economic Area, SEPA Countries and Eurozone

SEPA, the Single Euro Payments Area, is the area where SEPA payment instruments like the SEPA Credit Transfer and SEPA Direct Debit can be used. SEPA countries amount to 34 member states out of which certain states belong to other areas like the Eurozone and the European Economic Area (EEA). This article should help you understand […]

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