The most important information concerning SEPA debit mandates, deadlines and fees.
The introduction of SEPA also introduced the STP process. This means the entire automated processing of payment orders from start to finish, in other words, the interoperability of transactions.
In the past, the purpose of an order was limited to 378 characters. This was usually sufficient for a specific execution of the transaction reason. Since the introduction of SEPA process, the use is limited to only 140 characters, which increases the risk of manual post-processing. Even information, such as the invoice number, must always be entered correctly in order to successfully carry out a payment transaction.
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