Whitelisting: an SDD killer?

Submitted by Vincent Jansen on Wed, 04/02/2014 - 12:41 in

Although the SEPA end date is postponed a little, EU regulation 260/2012 requires banks to offer both black- and whitelisting functionality to their customers. This might result in an increase of rejected direct debits without this being the real intention of the consumer, significantly undermining the success rate of creditors. Vincent Jansen explains in his blog that whitelisting might kill SDD, although there are ways to solve the problem.

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