You may remember that earlier this year, as part of the regular change management cycle of the scheme rulebooks, a public consultation on the three existing schemes ( Credit Transfer – - Direct Debit Core - Core - and Direct Debit Business to Business – B2B) was organised.
Throughout these consultations we received 40 change requests, all of which have been reviewed by the , together with its various stakeholders, and the rulebooks have been updated accordingly. The updated versions were published in November 2016, and will enter into effect in a year’s time, in November 2017, in order to leave enough time for scheme participants to prepare and adapt their systems.
The main update, which will be included in the rulebooks for all three schemes, features the obligation for scheme participants to accept at least, but not exclusively, Customer-to-Bank (C2B) payment message files based on the ’s C2B scheme Implementation Guidelines ().
Customers will still have the choice either to continue using their existing C2B file set-up or to opt for the C2B file based on specifications. On the other hand, the scheme participants will have to be technically capable of supporting the C2B file specifications. This update was initially a recommendation from the Euro Retail Payments Board, because various countries had created their own configurations (‘subsets’) of the payment messages in the C2B space.
This will benefit to corporate customers which transact in various countries or with different Payment Service Provider () partners. The is hailing the fact that all scheme participants will now have to accept ’s C2B payment messages as a step towards greater harmonisation across the region.
Other changes to the rulebooks include, for the scheme, inquiry procedures between the beneficiary bank and the originator bank becoming effective as of 18 November 2018, as well as a concrete procedure for originator banks to handle a ‘request for recall by the originator’ for a reason other than duplicate sending, technical problems resulting in erroneous (s) and a fraudulently originated . The Core and B2B schemes will also, in the new rulebooks, contain a formal reference to the ‘Guidance on Reason Codes for R-transactions’, which will be kept outside of the rulebooks to allow more flexibility when updating. In addition, the period during which collections under the B2B scheme can be returned, has been extended from two to three interbank business days. This should lead to a decrease in the number of B2B returns.
An overview of all the change requests received and the reasons for their inclusion or not is available on the EPC website.
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