New payment formats for European banks for Credit transfer payments and Direct debit payments

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Posted on by GR-27040951-0

From now on, European bank institutes have been starting to introduce the new payment formats for:

Credit transfer payments (new format: pain 001.001.09)
Direct Debit payments (new format: 008.001.08)

As far as we are informed, the great change in these new formats will be, that payments to third-country bank accounts (so called “foreign payments” to non-EU countries) will be included.

And there will be some changes in conjunction to addresses (from unstructured to structured format).

We would kindly ask if anybody could provide a document about what exactly will be changed in the payment (XML) -files?

Where can we find the information, which XML-tags should be filled with which information to create a valid payment file, for example for an egyptian or american payment recipient / bank account?

Any help is appreciated!