Sigma Chi HQ

Main Menu

  • Home
  • Customer payment
  • Direct debit
  • Credit card
  • Digital wallets
  • Payment method

Sigma Chi HQ

Header Banner

Sigma Chi HQ

  • Home
  • Customer payment
  • Direct debit
  • Credit card
  • Digital wallets
  • Payment method
Direct debit
Home›Direct debit›Gregory Schlemmer (IBANC) on the consequences of Brexit on direct debits

Gregory Schlemmer (IBANC) on the consequences of Brexit on direct debits

By Meaghan H. Gonzales
March 22, 2021
38
0


Brexit had a direct impact on physical imports and exports to and from the UK in Europe. However, changes were made in the background to the payment system as well, which posed challenges for businesses on both sides of the Channel. After a two-month delay, the banks changed the direct debit requirements between the European Union and the UK. Gregory Schlimmer of PayGlobal Technology gives his opinion on developments and the role his client company plays in them.

Schlemmer: “For example, the requirements for the collection record in different banks have been changed so that collection in the UK or from the UK does not run smoothly. At ING Bank in the Netherlands, for example, the details have to be included in the direct debit file in a different way in order to make a successful transaction ”.

He gives an example and tells how they discovered at Kolibri Logistics in Krimpen aan de Lek, that after January of this year it was no longer possible to carry out more direct debits with their UK customers. “The bank’s announcement about these changes was wrong, resulting in additional fundraising in the UK. To create their group files, they use the IBANC software from PayGlobal Technology, which immediately provided a suitable solution, ”explains Schliemer.

Organizations in other European Union countries also have problems with this, says Schleimer, such as pharmaceutical company John McDowell LTD from Northern Ireland. Alan McNeice of John McDowell LTD said: “We have not been notified of these changes by the Bank of Ireland. Fortunately, PayGlobal Technology provided us with a solution the same day.

But Brexit itself also brought about changes in the format of direct debit files in Britain itself. SkateSite Skates LTD from England is no longer able to carry out direct debits with its European customers, Schlimmer provides another example. “The bank has adapted the requirements for payment by background direct debit, in line with the requirements of the European Payments Council. The client discovered that suddenly he could no longer process the transactions.

This client also provided support for PayGlobal Technology. “With our IBANC program, we have a flexible solution that can be implemented quickly in John McDowell LTD and SkateSite Skates LTD. This allowed them to successfully deliver the direct debit to their bank without delay. “

Schlemmer, who plays the role of Senior Account Manager of the IBANC, finally underlines that they were able to gently help many clients from all over Europe during the post-Brexit period. Otherwise, they would have had to wait months to make adjustments to their ERP or CRM software. Schlemmer concludes that this makes IBANC “the ideal solution for middleware to quickly switch over with these types of file format changes.”


Related posts:

  1. Martin Lewis: Take my direct debit challenge: can you save £ 100 in just 5 minutes?
  2. Exclusive: Stripe takes on rivals with UK direct debit launch
  3. Nationwide: Customers must take a mortgage payment holiday and not cancel the direct debit
  4. WARNING: do not be the victim of a direct debit refund scam
Tagsdirect debits
  • Credit card
  • Customer payment
  • Digital wallets
  • Direct debit
  • Payment method
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • September 2018
  • July 2018
  • May 2018
  • April 2018
  • March 2018
  • January 2018
  • December 2017
  • October 2017
  • August 2017
  • April 2017
  • December 2016
  • November 2016
  • October 2016
  • June 2016
  • April 2016
  • December 2015
  • August 2015
  • May 2015
  • March 2014
  • September 2013
  • March 2012
  • Payday Loans Market Size, Scope and Forecast | Key Players – Cashfloat, CashNetUSA
  • ‘Malicious actor’ drains $5.2 million in crypto assets from 8,000 digital wallets in one go
  • Credit card lenders step up offers despite faltering economy
  • 5.2 billion digital wallets will be in use by 2026
  • Chinese digital loan sharks spread their wings in India: report
  • Privacy Policy
  • Terms and Conditions