As of November 01, 2010, there are new SEPA payment mediums:
- Credit transfer (bank transfer) on the basis of pain.001.001.03 (ISO 20022)
- Direct debit (bank transfer) on the basis of pain.008.001.02 (ISO 20022)
In the relevant implementation guides of the European Payments Council (EPC), these are called Version 4.0 and (for B2B direct debit) Version 2.0.
The various national bank associations have already implemented these new versions, usually with their own XML namespace and their own version names. For example, the central loan committee (ZKA) or the EPC specifications for Germany refer to a pain.001.002.03 bank transfer and a pain.008.002.02 debit memo. It is expected that the new version will gradually replace the previous version.
CstmrCdtTrfInitn, CstmrDrctDbtInitn Reason and Prerequisites
Further developments in the ISO 20022 standard were applied by the EPC and the national bank association and implemented in their own standards. Solution
Before you implement this SAP Note, you must have implemented SAP Note 1360908 for SEPA_CT and SAP Note 1401975 for SEPA_DD.
https://service.sap.com/sap/support/notes/1540040 (SAP Service marketplace login required)