The Single Euro Payments Area ( ) data formats based on the ISO 20022 message standards as specified by the European Payments Council ( ) in the implementation guidelines related to the Credit Transfer ( ) and Direct Debit ( ) Schemes are binding for the exchange of payments between scheme participants (payment service providers offering services that have formally adhered to the and Schemes).
Following the release of enhanced implementation guidelines for the customer-to-bank communication, in 2009 the approved recommendations on the reporting of transactions by payment service providers to their customers (see 'Recommendation on Customer Reporting and ' below). This allows fully automated Straight-Through-Processing of transactions along the entire process chain (customer-to-bank; bank-to-bank; bank-to-customer).
The original document from 2009 has been revised to be in line with the rulebook versions that are currently in effect. This updated version is now based on the interbank datasets, to ensure a more complete B2C reporting.