SEPA Business Service Scheme Cessation

Some members will have been made aware by their banks that the SEPA Business Service scheme for Direct Debits will cease in Ireland from 1st February 2016. Over the last few months the IACT has been actively engaged in dialogue with a number of the main Irish clearing banks and also relevant industry bodies (such as IBEC and BFPI) to voice our members concerns over the potential impact the cessation of this scheme could have their businesses.

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