Important issue in the management of the new bank system for debit orders:
1st. - It is mandatory to keep the payer authorizations and all its amendments or cancellations while the payer or the Bank may request them as proof. Former authorizations granted already before 2014 will still be valid.
2nd. - For legal entities the new file format: 19-14 SEPA B2B (CORE) will apply. From 1 February 2016 it will be mandatory ISO 20022 XML standard format.
3rd. - The bill will be presented for charge almost 3 working days before the date of payment.
4th. – In any case, the Bank will require prior authorization from the payer.
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