‹Product enhancement›
Way4 now supports a new data format, “pain.008.001.08”, required for work with SEPA Direct Debit requests and which allows our clients to comply with the SEPA mandates that came into effect in November 2023. This enhancement is available as part of the Way4 SEPA Interface solution.
The most significant change is that addresses of creditors and counterparties are now captured and exported in a structured format. Although the use of non-structured addresses is allowed by SEPA rules until the end of 2025, we have proactively made the necessary adjustments to relieve our clients of the pressure of a future deadline.
