Direct Debit Payments and SEPA Banking Institutions

When you create a direct debit file process, the Banking system field appears if your organization has more than one banking system configured in the Banking systems configuration task in Treasury, such as ACH accounts for US banks and SEPA accounts for European banks. This field displays the type of banking system for the bank account you selected. If you generate a direct debit file for a SEPA bank account, you download the transmission file in the PAIN.008 XML format for those banks to process. For more information about how to generate a direct debit file, refer to Generate Direct Debit Files.