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InterviewSolution
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Can A Creditor Use A Single Creditor Identifier In Any Sepa Country? |
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Answer» The European Payments Council states that a creditor (payee) is FREE to use one or more creditor identifiers for the initiation of COLLECTIONS in any SEPA country. If a creditor should move its account from one payment service provider in one country to another payment service provider in another country, the existing creditor identifier should be retained; otherwise all mandates in the MARKET WOULD need to be amended for the NEXT collection. The European Payments Council states that a creditor (payee) is free to use one or more creditor identifiers for the initiation of collections in any SEPA country. If a creditor should move its account from one payment service provider in one country to another payment service provider in another country, the existing creditor identifier should be retained; otherwise all mandates in the market would need to be amended for the next collection. |
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