Direct debit payments are typically used by consumers to pay for their repetitive and regular payments, such as rents, mortgages, energy bills, telephone bills and magazine subscriptions, etc. Under the SDD, bank customers would, for the first time, be able to arrange to pay their bills by direct debit to and from bank accounts in any of the 31 European countries participating in SEPA. In November 2009, the European Payments Council (EPC) has launched the SEPA Direct Debit which does not differ significantly between The National schemes respectively and this allows a creditor, (vendor of goods or services) to collect funds from the debtors (consumers or customers) on condition of existing a signed MANDATE, granted by the creditor, to his debtor. In this paper we aim to highlight the features and the advantages of this payment instrument and the degree of his use at national and international level.
展开▼
