Harmonising payments methods thanks to SEPA
SEPA was put in place to simplify payment management, reduce processing and banking costs and reduce processing times.
The SEPA zone includes 37 countries:
- The 28 Member States of the EU
- Iceland, Liechtenstein, Norway, Switzerland, Monaco, San Marino, Jersey, Guernsey and the Isle of Man
Economic agents in these countries (companies, traders, individuals, public authorities) will be able to carry out payments in euros in identical conditions within this area as easily as they can in their own country.
The SEPA Direct Debit (SDD)
- Have a SEPA Creditor ID (ICS) provided by their bank
- Set up Exabanque authorisations called “mandates” and have these signed by the debtor
- Have the debtor’s BIC/IBAN banking information
- Inform the debtor of the direct debit to come (pre-notification)
- Send the SDD order to the bank
- The unique mandate reference (UMR): a code which enables each debt to be identified (set by the creditor)
- The payment status (sequential status):
- OneOff: for a direct debit made once only
- First: for the first direct debit of a series
- Recurrent: for the recurring transactions in a series
- Final: for the final direct debit in a series
- The mandate signature date
The SEPA direct debit in the Direct-debits software
The Direct-debits software enables you to:
- Automate your SEPA direct debit payment schedules
- Optimise payment incident processing: reminder letters, poor payer identification
- Monitor your direct debits by customer: collection forecast, history, etc.
- Centralise mandate information: UMR, amendments, etc.