supporting SEPA Instant Credit Transfer

[tttp]

So big change in nov 2017, sepa will allow to transfer between banks in less than 10 sec, ie no need anymore to wait and generate the file and upload and...

Has any of you looked at it and discussed it with your bank? that would make donations using sepa way easier, wouldn't it?

[bjendres]

Sounds very interesting, I'll let you know when anything's happening on our end.

[Detsieber]

As far as I understood, SEPA Instant Credit Transfer is not about Direct Debit, but only about Payments initiated by the customer/donator. In fact, this might be a significant step forward, as it would make obsolete payment solutions like PayPal, Creditcard acquirers and services like "Sofort-Überweisung" (which operates at least in Germany and Austria with some success): People could proceed their online bank transfer during the course of an online transaction - and the vendor knows immediately, that the customer did the payment - without any risk of loosing money, and also without special transaction cost (as you know, all these payment services are charging fees of around 2-3% of the payment net amount).

However, I don't believe that SEPA Instant Credit Transfer would be a challenge to SEPA direct debit: Donators are well accustomed to entering their IBAN into online donation forms, without having to log into their online banking platform (and dealing around with transaction codes and security flaws).

We should keep an eye on SEPA Instant Credit Transfer - and if it became relevant, i.e. some people want to use it, we might think about implementing it within CiviCRM.

In my opinion, it is more important that we keep CiviSEPA up to date regarding current PAIN versions, reduced advance days and things like that. However, that's another issue: I just filed it as #447

Cheers,

Detlev

[tttp]

Hi,

Direct Debit is big in germany, but in other countries, they are already more used to have their national version of ict (I'm like you, not super sure what is is exactly), eg iDEAL in the Netherlands.

This being said, we need both, things like recurring seem to match better with Direct Debit indeed

X+

On 25 August 2017 at 09:03, Detsieber notifications@github.com wrote:

As far as I understood, SEPA Instant Credit Transfer is not about Direct Debit, but only about Payments initiated by the customer/donator. In fact, this might be a significant step forward, as it would make obsolete payment solutions like PayPal, Creditcard acquirers and services like "Sofort-Überweisung" (which operates at least in Germany and Austria with some success): People could proceed their online bank transfer during the course of an online transaction - and the vendor knows immediately, that the customer did the payment - without any risk of loosing money, and also without special transaction cost (as you know, all these payment services are charging fees of around 2-3% of the payment net amount).

However, I don't believe that SEPA Instant Credit Transfer would be a challenge to SEPA direct debit: Donators are well accustomed to entering their IBAN into online donation forms, without having to log into their online banking platform (and dealing around with transaction codes and security flaws).

We should keep an eye on SEPA Instant Credit Transfer - and if it became relevant, i.e. some people want to use it, we might think about implementing it within CiviCRM.

In my opinion, it is more important that we keep CiviSEPA up to date regarding current PAIN versions, reduced advance days and things like that. However, that's another issue: I just filed it as #447

Cheers,

Detlev

— You are receiving this because you authored the thread. Reply to this email directly, view it on GitHub https://github.com/Project60/org.project60.sepa/issues/446#issuecomment-324840168, or mute the thread https://github.com/notifications/unsubscribe-auth/AAH1qjYN7TvOyYdfBAkPit45S688nyKMks5sbnGqgaJpZM4PBU-I .

[tttp]

So I did look at it a bit further: it's NOT going to be mandatory, there is at least one big bank in the NL that is going to implement it, but it might take at least another half a year before it's mainstreamed enough.

To be continued...