pacs.003.001.12 FIToFICustomerDirectDebitV12

ISO 20022 pacs Messages

Carry customer direct-debit instructions from the collecting side of the banking chain to the paying side so funds can be collected for a creditor.

Services Bank forwards a separate EUR 125.00 customer direct debit to Cedar Bank for a fictional subscription.

Can contain one or more customer direct debits and can be used domestically or across borders.

The MDR excludes payment-information grouping: transactions occur directly under the message, despite the presence of a shared GroupHeader.

Mandate information may be included or omitted in the base message. A collection message containing mandate extracts is not itself the mandate and does not prove collection authority.

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