Tag archive: European Commission

2014 was a year of change

If there is one word that would characterize the year 2014, then it would be ‘change’. The year was full of changes in the area of payments, banking and technology. The long-awaited offend-date for SEPA, innovations in the field of mobile payment and (still limited) acceptance of Bitcoin are the most important changes. Even though […]

European Parliament approves transition period of six months

European Commissioner Michel Barnier is pleased that on February 4th 2014 the European Parliament has approved his proposal that allows non SEPA compliant payments to continue for a limited period of time, until August 1st  2014, in parallel with SEPA compliant payments. In a press release he states that the adoption of the proposal ensures the […]

Payment service users confirm: SEPA migration is manageable, feasible and beneficial

Javier Santamaría is the chairman of the European Payments Council (EPC), which supports and promotes the creation of the Single Euro Payments Area (SEPA). As requested by the EU authorities, the EPC developed, in close dialogue with the customer community, the SEPA Credit Transfer (SCT) and SEPA Direct Debit Schemes (SDD), which help to realize the integrated Euro payments market. Just […]