1. Description
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Bulk = A group of payments (e.g. in a file) to be paid to multiple creditor accounts from the same debtor account, on the same date, with the same currency.
Batch = A group of payments (e.g. in a file) to be paid to multiple creditor accounts from multiple debtor accounts with the same currency. These may involve different payment execution dates
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Please also note the following working assumptions:
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Debtor | Creditor | ||||
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Consumer | SME | Corporate | Consumer | SME | Corporate |
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1.3 Bulk or Batch Payment (BBP) - Example User Story
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