The solution for problems of file conversions in SEPA XML format
In accordance with the provisions of EU Regulation no. 260/2012 of 14 March 2012, the deadline for switching to the SEPA DIRECT DEBIT (SDD) pan-European service expired on 1 February 2016. It is no longer possible to send direct transfer and direct payment orders using national formats, but it is mandatory to comply with the XML ISO 20022 standard and adopt SEPA formats.
SEPA stands for Single Euro Payments Area and has the aim to create an integrated market for payments in Euro within the European territory, without distinguishing between national and international payments. (Further information can be found in the corresponding section of the portal www.ecb.europa.eu)
E-format: the converter of files into XML SEPA format
Does your management system not support SDD? Or is the cost of implementation too high in terms of cost and completion?
Are you an IT company, and you have to implement the generation SEPA xml format files in a short space of time?
The answer to these questions is E-format the solution for the conversion of files to XML SEPA, able to respond to these problems with the creation of XML files which conform to the regulation requirements. No limit to the number of matrixes possible or to the number of transformations defined by the user.