What is SEPA?

SEPA: European standard for payments

SEPA is the Single European Payment Area, in euros.

Within this zone, which brings together 37 countries including the 28 members of the EU, the means of payment are harmonised to:

  • Simplify payments management
  • Reduce processing periods and costs

SEPA Credit transfers - SCT

The SEPA Credit Transfer (SCT) is a payment transaction in euros between two bank accounts in the SEPA area.

It is characterised by:

  • An execution time of 1 business day
  • BIC / IBAN codes allowing the identification of the account and the bank of the recipient
  • A 140-character label
Virement SEPA
Prélèvement SEPA

SEPA Direct Debit - SDD

SEPA Direct Debit (SDD) is a means of payment in euros that allows a creditor to withdraw a debtor's account within the SEPA area.

Its implementation by the creditor requires:

  • A SEPA Creditor Identifier (SCI), provided by its bank
  • A mandate signed by the debtor (direct debit authorisation)
  • BIC / IBAN codes to identify the debtor’s account
  • The sending of a notification by the creditor before the 1st debit (direct debit notice)
  • Creation of a direct debit order by the creditor, 2 to 5 days before the date of payment

ISO 20022 format

SEPA credit transfer and direct debit files must comply with the ISO 20022 XML format.

This file standard was adopted in the early 2000s by banks around the world to exchange data with each other and with businesses.

Thanks to this international harmonization, sending SEPA payments and direct debits as well as exchanging information (account statements, direct debit changes, investment and financing management, cash flow, etc.) is faster and easier.

XML ISO 20022

SEPA and Exalog's software

Whether it is SEPA credit transfers or direct debits, whose files must comply with the ISO 20022 XML format,
you have the possibility to perform these operations through our software:


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