Muftasoft TM

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The STEP2 SEPA Core Direct Debit (SDD) Service is geared at providing banks in the Single Euro Payments Area with an interbank processing infrastructure for domestic and pan-European direct debits. The SDD Core Service on EBA CLEARING’s STEP2 platform validate, route, clear, settle and deliver direct debit collections in line with the Scheme Rulebooks of the European Payments Council for SEPA Core Direct Debits.
Key features and benefits

    Highly resilient processing infrastructure

    ISO 20022 XML messaging supported

    Payment validation

    R-messages processing

    Payment warehousing up to D-14

    Multiple distribution of direct debit information

    SWIFTNet communications layer

    File validation

    Straight-Through Processing validation

    Integrated settlement in TARGET2

    Batch processing service level

    Real-time browser-based position monitoring



[[https://www.ebaclearing.eu/services/step2-sdd-core/overview/|STEP2 SEPA Core Direct Debit (SDD) Service]]