Standards for payment transactions
Our IT security update is due in November 2024. That means outdated software components will no longer be supported. You can take action today – we have compiled the most important information for you.
The ISO 20022 changeover for SEPA payment orders, account information and foreign payment transactions required in companies is starting now.
DK V3.8 is a guideline of the German Banking Industry that regulates the standards for electronic payment transactions, such as direct debits, credit transfers and account statement data.
Banks in the Single Euro Payment Area will be required to carry out an IBAN name check (Verification of Payee) before every authorisation of a SEPA transfer and SEPA instant transfer.