Starting 2 November, the bank`s clients will be able to participate in both the core business-to-consumer and business-to-business schemes. Bank of America will advise clients on how the SDD specific data elements can be integrated with their existing electronic file formats, according to a bank`s representative.
SEPA Direct Debit is a pan-regional cross-border direct debit instrument that aims to provide clients with a means to collect high volume payments in Europe.
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