Product Updates 418 and 417: New setting introduced for SEPA credit transfer and direct debit (EU legislation)

When SEPA credit transfer or direct debit is enabled for a cash instrument at the cash instrument maintenance, the Security Summary Method field will be available in the Settings tab.

The options available at this field are:

• Blank — This option follows the existing logic. This is the default option.
• SHA-1 — The SHA-1 logic will be used to generate the SHA number. This option can be selected for banks that are not from the Netherlands.
• SHA-256 — The SHA-256 logic will be used to generate the SHA number. This option can be selected for banks that are not from the Netherlands. However, this will be the default option for banks from the Netherlands and cannot be changed.