What Is The Creditor Identifier?

1.	What Is The Creditor Identifier?
Answer» The creditor identifier was created in the SEPA DIRECT debit scheme to enable payers and their payment SERVICE providers to return to the payee (creditor) for REFUNDS, to MAKE complaints and to check the existence of a mandate upon PRESENTATION of a collection by the payee. These procedures require a unique identifier for the payees, such that each creditor identifier only refers to one payee. The creditor identifier was created in the SEPA direct debit scheme to enable payers and their payment service providers to return to the payee (creditor) for refunds, to make complaints and to check the existence of a mandate upon presentation of a collection by the payee. These procedures require a unique identifier for the payees, such that each creditor identifier only refers to one payee.

Answer»

The creditor identifier was created in the SEPA DIRECT debit scheme to enable payers and their payment SERVICE providers to return to the payee (creditor) for REFUNDS, to MAKE complaints and to check the existence of a mandate upon PRESENTATION of a collection by the payee. These procedures require a unique identifier for the payees, such that each creditor identifier only refers to one payee.

The creditor identifier was created in the SEPA direct debit scheme to enable payers and their payment service providers to return to the payee (creditor) for refunds, to make complaints and to check the existence of a mandate upon presentation of a collection by the payee. These procedures require a unique identifier for the payees, such that each creditor identifier only refers to one payee.

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