Single Euro Payments Area (SEPA) is an initiative of the European banking industry allowing customers to make and receive non-cash euro payments anywhere using a single bank account and a single set of payment instruments. Therefore, SEPA makes payments throughout Europe as easy, cheap, secure as making national payments.
The SEPA Credit Transfer (SCT) Scheme allows payment service providers to offer a core and basic credit transfer service throughtout SEPA whether for single or bulk payments. The payment service providers executing the credit transfer must formally participate in the SCT Scheme.
The SEPA Core Direct Debit Scheme (SDD Core) and the SEPA Business to Business Direct Debit Scheme (SDD B2B) is a payment instrument used for both domestic and cross-border collections. The SDD Core Scheme allows a biller to collect funds from a payer's account provided that a signed mandate has been granted by the payer to the biller. The SDD B2B Scheme allows business customers in the role of payers to make payments by direct debit.
Documented in Money Mobiliser 5.1 Architecture and Businesslogic > Business Logic > Account Management System > SEPA File Export