The STEP2 SEPA Business-to-Business Direct Debit (SDD B2B) Service provides credit institutions with an interbank processing infrastructure for euro direct debits in the Single Euro Payments Area. The STEP2 SDD B2B Service validates, routes, clears, settles and delivers direct debit collections in line with the Scheme Rulebook of the European Payments Council for SEPA B2B Direct Debits.

  • 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 T2 RTGS

  • Batch processing service level

  • Real-time browser-based position monitoring