www.paymentcomponents.com

Facts as published by SEPA for Corporates in “SEPA Deadline: 1st February 2016 – The Countdown Begins”

Requirements!

1 2

3 6

The Bank Identifier Code (BIC) is no longer required

Corporates must use the

SEPA ISO 20022

XML Format 4 5

Be Ready!

Payment card direct debits are no

longer permitted

Niche products will need to be SEPA Compliant

Corporates must Indicate

the IBAN

Deadline – February 1st 2016