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What are the main changes of SEPA Direct Debit vs the previous Direct Debit scheme?

Creditors are now responsible for whole SEPA mandate management flow (user mandate signature, digitalisation, archiving, unique reference number attribution). It was previously their bank responsibility.
Creditors have to handle a new interbank communication file format
Creditors have to deal with a specific SEPA Direct Debit Timeline (there are different timeframes for "First/one-off" and "Recurring" debits)
Creditors cash-flow may be impacted by Returns and Rejects on the debtor side, with 2 important deadlines (8 weeks and 13 months)

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