Executing a direct debit for a customer rather than the institution itself [34]. FIToFICustomerCreditTransfer
The message is a standardized XML-based instruction sent by a creditor financial institution to a debtor agent. Unlike a credit transfer (where the payer sends money), a direct debit is a "pull" payment initiated by the recipient of the funds. pacs.10
Executing a direct debit for a customer rather than the institution itself [34]. FIToFICustomerCreditTransfer
The message is a standardized XML-based instruction sent by a creditor financial institution to a debtor agent. Unlike a credit transfer (where the payer sends money), a direct debit is a "pull" payment initiated by the recipient of the funds.