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Tag archive: BIC

Frequently Asked SEPA Questions

With only several weeks to go before the Single Euro Payments Area (SEPA) switchover deadline, most of the companies and institutions in the participating countries are aware that there is no turning back. However, this does not mean that all preparations have been fully completed and that all involved parties are ready yet. Despite freely […]

Waivers to smoothen SEPA migration

The end date is in sight, Single Euro Payments Area (SEPA) will become reality on February 1st 2014. Every country in the SEPA zone has to be ready by then, because the introduction won’t be postponed. Some national banks have indicated that they need more time to implement some parts of SEPA. However, the SEPA […]

SEPA ready? Now what’s next?

The February 1st 2014 deadline for migration to SEPA is fixed. However, this doesn’t mean that after this date companies can lean back and leave all payment issues as they are. On the contrary, rules for payments are about to change fundamentally. Standardisation in payments means that there will be no differences between the various […]

‘German businesses are attached to short payment cycles’ (part 2)

In an earlier blog post, Jochen Metzger, head of the payments and settlement systems department at Deutsche Bundesbank, was asked about the process of the SEPA integration in Deutschland. In this blog post he explains more about the stage of integration Germany is in nowadays. Is SEPA a hot media topic in your country? It’s […]