The new joint service package was developed by SIX Interbank Clearing and SIX Paynet together with the SECB on behalf of the Swiss financial center and with the participation of Swiss financial institutions. The service provides financial institutions of all sizes the option of outsourcing the processing of SEPA direct debits. SIX Group and the SECB provide the technical requirements for the rule-confirming processing of SEPA direct debits throughout Europe. This means that financial institutions throughout the SEPA zone can introduce euro direct debits for their customers easily, quickly and inexpensively without having to make expensive adaptations to their internal payment traffic infrastructure.
SECB and SIX Group – Your partner for SEPA direct debits
In unison with the pan-European introduction of the SEPA Direct Debit Scheme by the European banking industry on November 2, 2009, Swiss financial institutions are also able to process SEPA direct debits using the SEPA service offered by SIX Group and SECB.
Simple, fast and inexpensive
Financial institutions of all sizes can easily and rapidly introduce SEPA direct debits for their customers: An Internet connection is all that is needed and your financial institution will be reachable from throughout the SEPA zone – you can save everything else! The SECB and SIX Group provide a complete offer that ensures that your creditors and debtors can profit from the new direct debit scheme.
The offer is attractive because your financial institution need not bother with XML conversions, with receiving collections from your creditors nor with a connection to a SEPA-compatible clearing and settlement mechanism (CSM). This also means that you do not need to make investments in your e-banking application.
The complete offer at a glance
- An e-banking solution for creditors
- A solution for the creditor’s bank
- A solution for the debtor’s bank
- Connection to CSM/PE-ACH
- Financial settlement of all transactions
SIX Interbank Clearing offers your financial institution appropriate consultation and will be pleased to make you a custom offer. Simply give us a call at +41 44 279 4747 or contact us using the online form.
Participation process
Financial institutions that intend to participate in the SEPA Direct Debit Service of the Swiss financial center's joint venture must submit the following forms in Word format filled in:
As a precondition, the following European Payments Council (EPC) forms must be submitted in Word format filled in, printed in color, and duly signed to SIX Interbank Clearing Ltd, Operations Center, P.O. Box, CH-8021 Zurich:
After formal checks of the documents supplied, the NASO will forward the necessary documents to the EPC. The EPC will acknowledge their receipt and notify, in writing the individual financial institution whether the application is approved or refused.
Financial institutions customers submit the following forms, in order to be able to transfer direct debits via the Internet-based solution payCOMweb:
An offer to process SEPA direct debits to business customers, based on the EPC's SEPA B2B Direct Debit Scheme, will be made in November 2010.
Handbook for creditors
XML scheme for automatic file transfers for financial institutions
Swiss recommendations for ISO Payments
