Creditor Identifier definition

Creditor Identifier means a unique reference for each entity collecting payments by the SEPA Direct Debit Scheme.
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Examples of Creditor Identifier in a sentence

  • The Debtor PSP acquires the mandate signed by its client (dataset - DS-01) after verifying that the mandate includes a Creditor Identifier (AT-02), including the business code, identified in the CRI000 master data as an “Advanced” SEDA module participant.

  • SCI (SEPA Creditor Identifier) Identifier that uniquely designates a creditor issuing SEPA direct debit instructions.

  • The settlement of SEDA fees is managed by the Debtor PSP sending a SEPA Direct Debit Core collection against the IBAN associated with each Creditor Identifier registered in the CRI000 master data.

  • The SEDA service applies for all mandates (and associated direct debits) relating to a Creditor Identifier of the Creditor participating in the SEDA service, that are registered in the archive of the Debtor PSPs which are also participants.

  • If the Creditor Identifier (AT-02), including the Business Code, is included in the master data of SEDA service participants (CRI000), the Debtor PSP uses the unique mandate key indicated in the direct debit collection to access the archive and find the corresponding entry.

  • To set up a direct debit mandate, you must:  Provide you with a SEPA Creditor Identifier (SCI);  obtain IBAN-BIC (International Bank Account Number - Bank Identifier Code) details from your payors;  give each mandate a unique reference;  reproduce, in your mandate, the mandatory data and information required by the European Payments Council.

  • If the direct debit collections report a Creditor Identifier referring to a Creditor that participates in the SEDA service, the receiving Debtor PSP carries out the specific controls described below.

  • SCI (SEPA Creditor Identifier) Identif ier that uniquely designates a creditor issuing SEPA direct debit instructions.

  • At the reception of the SEPA Direct Debit collection, the Debtor PSP checks for the presence of the Creditor Identifier (attribute AT-02), including the Business Code, in the master data of SEDA service participants (CRI000).

  • Each SEPA Direct Debit or SEPA B2B Mandate is identified by a Unique Mandate Reference (RUM) provided by the creditor and contains the Creditor Identifier (ICS) of the creditor, which the creditor can obtain by approaching the Bank.

Related to Creditor Identifier

  • Unique identifier means a number or other identifier assigned by protocols established by the nationwide mortgage licensing system and registry.

  • Unique item identifier means a set of data elements marked on items that is globally unique and unambiguous. The term includes a concatenated unique item identifier or a DoD recognized unique identification equivalent.

  • Biometric identifier means a retina or iris scan, fingerprint, voiceprint, or scan of hand or face geometry.

  • Unique item identifier type means a designator to indicate which method of uniquely identifying a part has been used. The current list of accepted unique item identifier types is maintained at http://www.acq.osd.mil/dpap/pdi/uid/uii_types.html.

  • User Identification means any unique user name (i.e., a series of characters) that is assigned to a person or entity by the Insured.