SEPA Business Service

IPSO have announced that the SEPA Business Service is available from Dec 1st. This is an important update for businesses as it protects you against the No Questions Asked refund which your customers can currently invoke under the CORE scheme.

The real questions is why the Irish banks did not roll out the B2B service which would have protected Irish businesses from this issue when starting the SEPA rollout.

This is a temporary fix and the updated SEPA will be rolled out by Jan 2016.

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