"Direct Debit" Services - A System that Speeds and Simplifies the Billing Process and Reduces the Costs

On 2nd September, the Association of Serbian Banks and the company Asseco SEE in Serbia organized a presentation of “Direct Debit” services – the first SEPA service that is being implemented in the country.

On 2nd September, the Association of Serbian Banks and the company Asseco SEE in Serbia organized a presentation of “Direct Debit” services – the first SEPA service that is being implemented in the country.

“Single Euro Payment Area” (SEPA) is a European initiative which introduces a new set of payment instruments, technical standards, business rules and legal regulations in order to form a broad base of banks and their clients who use the same payment mechanisms in Euros, no matter in which country the parties involved in the transaction are.

"Direct Debit" - a clearing by direct debit, is the direct payment system that speeds and simplifies the billing process and reduces the costs under a contract of two legal entities and promotes the business of companies that have good partnerships with other companies. Software solution for the "Direct Debit", for banks in Serbia, has been developed by Asseco SEE.