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20 July 2016

Prepare now: SEPA 3.0 will come in November 2016

The German banking industry plans significant changes for the SEPA direct debits from November 2016. Then the version 3.0 of the specification of the data formats becomes valid for the SEPA payment traffic. In particular, the direct debit system receives serious changes.

Experience has shown that banks are unlikely to proceed uniformly with the implementation of SEPA 3.0. However, it is advisable to contact the respective house banks in good time. The date from which the new SEPA version comes into effect should be requested. It is also important to have a written confirmation of how long the previous versions are still usable. In addition, you should promptly inquire whether updates in the banking programs used (the house bank) are needed.

For further information, consultants from the finance team of KUMAVISION or the sales staff are at your disposal. On the KUMAVISION customer portal, further information about updates and partner products is stored for registered customers.

More about SEPA 3.0

Website Deutsche Kreditwirtschaft http://www.ebics.de/index.php?id=77

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