Electronic Funds Transfer

BIC becomes optional in SEPA XML files from 2016

Did you know that the BIC becomes an optional item in SEPA XML files from February 2016? Individuals and organisations will not be obliged to provide their BIC when providing their Bank Account details – only their IBAN will be required. What impact could this have for you? Your SEPA XML files must be able to handle situations where some Debtors do and some don’t provide their BIC details in Direct Debit Files. And similarly where some Creditors / Employees do and some don’t provide their BIC details for your Credit Transfer files. You will need to upgrade your […]
By |October 1st, 2015|DEFT, Direct Credits, Direct Debits, Electronic Funds Transfer, EMTS, PayCE, Paypath, SEPA, Switch to SEPA|Comments Off on BIC becomes optional in SEPA XML files from 2016

Irish SEPA Business Scheme ending on Feb 1st 2016 – Are you ready?

The interim SEPA Business Scheme ends on Feb 1st 2016 and is not to be extended by the Irish Banks. It is far from clear if the main Irish Banks will make the SEPA B2B scheme available from this date – or if they will all be technically able to do it. You may have to submit amendments on your payment transactions if you are switching from the SEPA Business Scheme to the CORE scheme. DEFT will handle all the amendments required. Contact us if you need help switching from the SEPA Business Scheme.
By |September 3rd, 2015|DEFT, Direct Debits, Electronic Funds Transfer, SEPA, Uncategorized|Comments Off on Irish SEPA Business Scheme ending on Feb 1st 2016 – Are you ready?

DEFT from Ardbrook helps Organisations make switch to SEPA

The recent SEPA Focus in Friday’s Irish Times highlighted two major organisations who have recently made the switch to SEPA. Both UPC and Voxpro have implemented DEFT to handle some or all of their Direct Debit transactions under SEPA. UPC developed their own SEPA solution to handle the majority of their standard Direct Debits but bought and implemented DEFT to handle less straight forward or more complicated Direct Debits. Voxpro selected DEFT to handle all their Direct Debits under SEPA. By using DEFT Voxpro didn’t have to modify their legacy systems and by  keeping all their data in-house it is much easier […]
By |January 29th, 2014|Ardbrook, DEFT, Direct Debits, Electronic Funds Transfer, EMTS, PayCE, SEPA, SEPA Deadline Extended, Switch to SEPA|Comments Off on DEFT from Ardbrook helps Organisations make switch to SEPA

Will your Bank accept Std 18 files for DDs after Feb 1st?

The recent announcement by the EPC allowing a six month derogation on the use of local EFT file Formats has been followed by a press release from the Irish Payments Services Organisation –  IPSO. According to the IPSO release, they and their member Banks “continue to aim for completion of the changeover by 1st February 2014.”  It’s not clear if this means that Irish Banks will or must continue to accept and process Standard 18 format files after the February 1st date. There is very little information around on whether or not Irish Banks will continue to accept Standard 18 format […]
By |January 14th, 2014|DEFT, Direct Debits, Electronic Funds Transfer, EMTS, SEPA, SEPA Deadline Extended|Comments Off on Will your Bank accept Std 18 files for DDs after Feb 1st?

Ardbrook Website given a Facelift!

Ardbrook’s website http://ardbrook.ie/ has been given a facelift! This, we hope, will make it easier to locate infomation regarding our irish payroll products and our electronic payments software. So if you find any problems on the new website, just post a comment below so that it can be corrected.
By |March 4th, 2011|Ardbrook, Electronic Funds Transfer, Irish Payroll|Comments Off on Ardbrook Website given a Facelift!