The CUSOP Service
- CUSOP provides SEPA Credit Transfers to credit unions under the European Communities (Payment Services) Regulations 2009 and provides Direct Debit services to Credit Unions as a technical service provider.
- Each CUSOP credit union is allocated a unique BIC and is an indirect participant of SEPA clearing schemes in its own right.
- Using CUSOP in conjunction with the services of your ITSP can enable online and mobile connectivity for members throughout SEPA.
In summary: Green: Full CUSOP operational services on 21st December and 2nd January. Incoming credits [...]