Credit transfers
Vendors can be paid from accounts payable by transmitting credit transfer messages to the bank in a format that the bank can interpret. The bank can then take the appropriate action.
Netherlands specifics
Netherlands uses the SEPA format, SEPA pain.001.001.003.
Dutch banks agreed to follow the standard recommendations of the European Payment Council (EPC). They published implementation guidelines to facilitate and standardize the implementation of SEPA by corporates.