Two and a half years after its launch, there are some major changes planned to the processing of Direct Debit payments under the SEPA Scheme from November 2016. In the main, the planned changes should make life easier for Originators submitting SEPA XML files. There are three major changes coming into force and our DEFT application has been updated to handle each of them although two of the changes really require that the systems at the various Retail Banks be updated to handle them. The changes are: 1. Eliminate the difference between FRST and RCUR transactions You will no longer … Continue reading Major changes coming to SEPA Direct Debit Scheme