Description
A textual value used to establish a link between the payment and the invoice, issued by the seller. Used for creditor's critical reconciliation information. This information element helps the seller to assign an incoming payment to the relevant payment process.
Used for creditor's critical reconciliation information. This information element helps the Seller to assign an incoming payment to the relevant payment process. When specifying the textual value, which is commonly the invoice number of the invoice being paid, but may be another seller reference, the buyer should indicate this reference in his payment order when executing the payment. In a payment transaction this reference is transferred back to the Seller as Remittance Information. In order to allow for automatic processing of cross-border SEPA payments, only Latin characters should be used in this field, with a maximum of 140 characters. Reference section 1.4 of the SEPA credit transfer and SEPA direct debit scheme implementation guides and for details of the allowed characters. Other rules may apply for SEPA payments within national borders.