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Tag archive: SEPA

New scoring opportunities with SEPA

It’s a well-known phenomenon: when people move to a new house, they arrange it according to their plans, but there always remain finishing touches to be done. Lighting, rearranging cupboards, boxes that need to be unpacked, but disappear to the attic. The same risk applies to SEPA. To the outside world it looks like SEPA […]

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 […]

Time to reap the benefits of SEPA

Most corporates in recent years have focused on becoming SEPA compliant, and hardly invested in reaping the benefits SEPA can bring. This is partly caused by limitations within their own organisations. This is one of the conclusions in a recent whitepaper on SEPA. Equens and EY teamed up to investigate the needs and expectations of […]

Mandate Management, a new chance for complete harmonisation

Businesses are struggling with the transition to SEPA Direct Debit (SDD), especially in the B2B market. For corporates, choosing the B2B scheme seems to be the best option. However, whilst suppliers are enthusiastic, the clients are reluctant. Or should they choose the Core scheme, which is easier to migrate to, easier to manage but comes […]

Trends in Payment Fraud

SEPA, e-commerce, mobile payments and bitcoins are just a few of the many shifts and innovations that dominate the payments industry. Whenever new technologies and practices evolve, there is an ongoing battle between organisations working to adapt the new reality and criminals trying to take advantage of early adaptors who are paving the way. To […]

Join the Debate on the Further Evolution of the SEPA Credit Transfer and SEPA Direct Debit Schemes: Less Flexibility, More Harmonisation?

This is a guest bog post from Javier Santamaría, Chair of the European Payments Council (EPC) European Union (EU) integration rarely follows the fastest possible trajectory, but relies on incremental progress over time. More than 14 years of the Single Euro Payments Area (SEPA) in the making, based on several EU legislative interventions aimed at […]

Euro countries are getting ready for the extended deadline

It seems that postponing the SEPA deadline for all stakeholders to get ready was useful. In an earlier stage, the ECB stated that if the pace of migration continued, the vast majority of stakeholders would have completed their migration by February 1st, the original deadline. New figures from the European Central Bank show that this […]

SEPA saves billions for banks and businesses

In light of the postponement of the SEPA deadline and the required amendments to the systems, the costs of SEPA have been an important focus lately. However, a recent report written by PwC’s Corporate Treasury Services offers an alternative. According to the results of their research SEPA is able to reduce annual costs by 21.9 […]

Cards Standardisation Volume and SEPA Rulebooks receive small updates

Version 7.0 of the SEPA Cards Standardisation Volume is ready for market implementation. The European Payments Council (EPC) and the Cards Stakeholders Group (CSG) published the latest version last month. These new versions are the result of public consultation on version 6.5 in June 2013, where the CSG received more than 2,000 comments from market participants. According to the […]

Analysis: ‘SEPA: better late than never?’

This blog post is written by freelance consultant Edith Rigler. She has over 25 years experience in senior positions at global banks.  About three weeks before the so-called SEPA end date (1st February 2014) a 6-month extension of this end date has been proposed. Seldom has a payments topic caused such attention in the media […]