Paypath

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

Attention Payroll Users!

Do you use Ardbrook’s PayCE software for your direct debits and credits? If not, why not? PayCE, which allows you to credit/debit electronically, works very comfortably in tandem with other software systems. PayCE is compatible with all the banks – most of whom use it themselves. This totally automated payment process virtually eliminates administration,postage, stationery and printing costs. The system painlessly takes care of fees, memberships, leases, loans, rentals, insurance payments etc. etc. PayCE includes a database holding all sort codes for all banks in the Republic of Ireland (ROI) plus a database holding all sort […]
By |November 4th, 2010|Direct Credits, Direct Debits, PayCE, Paypath|Comments Off on Attention Payroll Users!