payCOMweb is the Internet-based solution for the submission of transfers in DTA format and direct debits.
BDD – Direct debits without right of objection
BDD (Business Direct Debit) is the process offered by the Swiss banks for the processing of direct debits without right of objection. It is suitable for companies that predominantly collect large amounts in francs or euro in the business customer sector. The business model here is generally based on the delivery-verses-payment principle.
A debit authorization from the debtor forms the basis for the collection of direct debits, along with a bank account for both parties, the debtor and the creditor. The creditor submits the direct debit electronically through an interface (such as e-banking) to his financial institution or to SIX Interbank Clearing (via payCOMweb or file transfer).
The collected bill sent will be left open in the creditor's accounts receivable until the direct debit is paid. Reconciliation occurs automatically upon receipt of the incoming payment on the basis of the reference number provided in the direct debit.
Each transaction must contain an unambiguous reference number to ensure that the incoming payment can be allocated to the proper open entries in the account receivables. The file structure and the data fields of the transactions are described in the Appendix A 5 "LSV reference numbers" of the BDD Guidelines for creditors.