In January 2013, the European Payments Council () published a clarification paper which addresses operational aspects related to the Credit Transfer () and Direct Debit () Schemes (see 'related files' below'). The clarification paper seeks to ensure consistent implementation of the and Rulebooks across the 32 Single Euro Payments Area () countries by payment service providers () participating in the schemes. It provides guidance and, where feasible, recommendations to scheme participants on how to handle situations that are not described in the rulebooks.
The clarification paper covers the following aspects:
- Character set: bilateral or multilateral agreements between may exist to support other characters in addition to the Latin character set.
- Pre-notification: the Schemes require the biller to send a pre-notification to the payer at least 14 calendar days before collecting the payment, unless a different timeline has been agreed between the payer and the biller. The pre-notification can take place via a paper-based document or by electronic or telecommunication means. If the biller does not notify the payer in a correct manner of the upcoming collection, there is an increased risk of return or refund of the collection.
- Sequence types for collections: the clarification paper addresses several questions raised by concerning collection sequence types; i.e. the Core and Business to Business Scheme timelines.
- R-transactions: the paper clarifies the rules applicable when re-presenting an collection previously rejected, refunded or returned.
- Currency conversion: a transaction is executed in euro. The currency conversion, if applicable, can only take place at the payee's or the payer's prior to, or subsequent to the transaction. In case of a recall, the payee's bank should not bear losses related to a currency conversion.
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