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J.P. Morgan rolls out SEPA Direct Debit services

Tuesday 20 October 2009 07:08 CET | News

The Treasury Services division of financial services provider J.P. Morgan is set to roll out SEPA Direct Debit (SDD) services starting with 2 November 2009, the inaugural day of the latest SEPA scheme.

J.P. Morgan’s corporate clients will be able to participate in both the core business-to-consumer and business-to-business schemes. J.P. Morgan clients making or receiving payments can domicile accounts in any of J.P. Morgans European branches, and transaction activity can be monitored via the firms online tool, J.P. Morgan Access.

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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Keywords: J.P. Morgan, J.P. Morgan Treasury Services, SEPA Direct Debit
Categories: Payments & Commerce
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Countries: World
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