On Monday, June 5th 2017, the application of the SEPA Direct Debit service (SDD) began in the Republic of Croatia. SEPA Direct Debit is pull based. Once given a mandate by their customer it is the merchant (dealer, trader, seller) who initiates payments. SEPA Direct Debit payments are bank-to-bank. There are no card networks involved in the SEPA Direct Debit scheme. All communication happens directly between the banks. 13 Croatian banks participate in SDD for business users, and 17 banks in the SDD basic scheme, for consumers.
SEPA Direct Debit is a Europe-wide Direct Debit system that allows merchants to collect Euro-denominated payments from accounts in 34 SEPA countries and associated territories.
ABBA’s NovoDoba® OmniChannel Banking System provides full support for SEPA as well as for SEPA Direct Debit.