19 July 2018
Register today

Banks set out Sepa direct debit exception handling guidance

17 September 2013  |  6094 views  |  0 SEPA Brick wall Background

A Sepa migration forum facilitated by the Euro Banking Association has set out its best practice guidelines on direct debit exception handling.

The Sepa migration action round table (Smart) presented its advice on dealing with so-called R transactions - rejects, refusals, returns, refunds, reversals, revocations and requests for cancellation - at a Sibos panel today.

The document - backed by nearly 20 major payment banks, including BNP Paribas, Deutsche Bank and RBS - concentrates on the issuing and operational processing of R transactions as well as the charging and handling of related fees.

Jan Paul van Pul, head, market infrastructures, ABN Amro, and Smart chairman, says: "We hope that the practical guidance provided by our forum will help banks across Europe to further increase the straight-through processing rate of R-transactions and - where possible - to reduce their occurrence."

Read the full guidance notes:» Download the document now 124.4 kb (PDF File)
KeywordsSEPA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

EU to establish European Retail Payments Board to improve Sepa governance

EU to establish European Retail Payments Board to improve Sepa governance

26 June 2013  |  8695 views  |  0 comments | 14 tweets | 3 linkedin
Major German banks to switch domestic payments to EBA's Step2 ACH

Major German banks to switch domestic payments to EBA's Step2 ACH

21 May 2013  |  8783 views  |  1 comments | 6 tweets | 2 linkedin
Council of the European Union demands Sepa migration push

Council of the European Union demands Sepa migration push

15 May 2013  |  8419 views  |  1 comments | 12 tweets | 9 linkedin
Corporate treasuries are in danger of losing the Sepa momentum

Corporate treasuries are in danger of losing the Sepa momentum

01 May 2013  |  8280 views  |  1 comments | 6 tweets | 3 linkedin
ECB tells firms to buck up Sepa migration efforts

ECB tells firms to buck up Sepa migration efforts

21 March 2013  |  8256 views  |  5 comments | 6 tweets | 14 linkedin
UK businesses unprepared for Sepa migration

UK businesses unprepared for Sepa migration

04 December 2012  |  8137 views  |  1 comments | 5 tweets | 2 linkedin
Sepa migration deadline set at February 2014

Sepa migration deadline set at February 2014

21 December 2011  |  14299 views  |  2 comments
Banks sceptical about meeting 2014 Sepa compliance deadline

Banks sceptical about meeting 2014 Sepa compliance deadline

19 September 2011  |  9921 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
11807 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10036 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9694 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9236 views 19 comments | 14 tweets | 30 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9011 views comments | 9 tweets | 17 linkedin

Featured job

Find your next job