Banks to end SEPA Conversion Service
From February 1st the SEPA Conversion Service offered by most Irish Banks will cease to be available.
The SEPA Conversion Service allowed Bank clients to continue submitting “Old Format” bulk payment files – ones containing Sort Code and Account Number details – for processing under the SEPA Scheme.
Once submitted, the Bank would convert the Sort Code and Account Number details to their respective BIC and IBAN equivalents, along with some other formatting changes to make the bulk payment file fully SEPA Compliant.
Along with other changes coming into effect from February 1st, this Conversion Service is to be withdrawn by most […]
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 […]
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 […]
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 […]
Ready for SEPA?
Have you decided how you are going to convert all your existing payment details for use with SEPA. This conversion has to be completed before February 1st, 2014.
DEFT from Ardbrook can handle the conversion for you. DEFT will convert Sort Codes and Account Numbers to their corresponding BICs and IBANs. DEFT can also assign a Unique Mandate Reference number to each record along with its Signature Date.
We have converted Standard 18 EMTS files to SEPA XML files for both Debit (SDD) and Credit (SCT) payments. We could do the same for you.
DEFT is […]
Ready for SEPA?
Ardbrook’s new SEPA product, called DEFT, has produced SEPA XML files for both Debit (SDD) and Credit (SCT) transactions that have been tested and approved by the major Irish Banking groups.
DEFT is available now. To find out more contact us by email at sepa@ardbrook.ieor by phone at (01) 8382921