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The Vendor ACH Authorization Form is a crucial document used in German business operations to establish and maintain efficient payment processes between companies and their vendors. This form, while similar to ACH authorizations in other jurisdictions, is specifically adapted to comply with German banking regulations and SEPA requirements. It is typically implemented when setting up new vendor relationships or updating payment procedures with existing vendors. The document contains essential banking information, authorization parameters, and compliance elements required under German law and EU regulations, including GDPR/DSGVO considerations. It serves as the legal basis for automated payment processing and is particularly important for businesses managing regular vendor payments or maintaining ongoing supplier relationships.

1. Company Information (Vendor Details): Legal name, registration details, and address of the vendor providing authorization

2. Bank Account Information: Vendor's bank details including IBAN, BIC/SWIFT, and bank name

3. Authorization Statement: Clear statement authorizing direct debit payments via SEPA, including the scope and nature of the authorization

4. Payment Details: Information about the nature of payments, including whether they are recurring or one-time

5. Data Protection Notice: GDPR-compliant statement about how the financial data will be processed and stored

6. Revocation Rights: Statement explaining the vendor's right to revoke the authorization and the process for doing so

7. Signature Block: Space for authorized signature, name, title, and date of signing