The SEPA Direct Debit Collection Service module in Business eBanking enables businesses to make direct debit payments in Euros to all Single European Area (SEPA) countries. The SEPA countries are the European Union member states plus Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino.
SEPA Direct Debit is an interbank payment solution for euro denominated Direct Debits. It operates on the basis of shared rules, processes, service levels and time frames.
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