After the introducing of the Euro-cash money in 2002, there have been plans for a standardisation of cash-less payment transactions in Europe. All payments are expected to be treated like inland payments.

Prior to SEPA, all communities and member states of the European Union processed transactions in their own manner which resulted in numerous variations of payment systems all over Europe. To standardise transaction processing, the new SEPA rulebooks and formats have to be implemented. Only by realizing SEPA, credit transfers, direct debit and card transactions will be processed the same way in every member state of the European Union. Therefore it is necessary to effectuate all standards/rules which are commited to the European area in Austria.

You will find the following information on our website:

• SEPA
• Credit Transfer
• Direct Debit
• IBAN/BIC
• Standard Transfer
• QR-Code
• Payment references
• Printing files for "Zahlungsanweisungen"

Important facts for payment transactions:

• The SEPA Migration is obliged to happen until 31st July 2014. (change to SEPA Credit Transfer/SEPA Direct Debit).
• Replacement of receipts of payment to "Zahlungsanweisungen"
• Replacement of account number/BLZ to IBAN/BIC. As of february 2014, payments with "IBAN Only" can be assigned in Austria (only throughout Austria), as of 2016 it is also possible throughout Europe.

In the context of SEPA all companies are obliged to change their payment transactions to XML.