The service package was developed on behalf of the Swiss financial center. The service enables banks of all sizes to outsource the processing of SEPA direct debits completely. The SIX Group companies provide the technical requirements for the rule-confirming processing of SEPA direct debits throughout Europe. This means that banks 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.
SIX Group – partner for SEPA direct debits
Thanks to the SEPA Direct Debit Service of SIX Group banks of all sizes, in and outside of Switzerland, can easily and rapidly introduce SEPA direct debits for their customers: An Internet connection is all that is needed and bank will be reachable from throughout the SEPA zone. No need to bother with XML conversions, with receiving collections from creditors nor with a connection to a SEPA-compatible clearing and settlement mechanism (CSM). This also means that no investments have to be made in the bank's proper e-banking application. The complete offer ensures that the creditors and the debtors alike can profit from the direct debit scheme.
Trial offer
Banks can take advantage of a free and nonbinding trial offer to become familiar with the convenient handling of the processes – editing collections, triggering transactions, displaying, approving, canceling orders, etc. The Internet-based service is structured in such a way that it can be flexibly and continually enhanced and adapted according to the increasing individual automation needs of the banks.
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 any financial institution appropriate consultation and a custom offer. 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.
Participation application
Registration of financial institution's master data
