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Tag archive: SEPA

SIBOS day 3 – How Instant Payments can make Europe a leader in innovation

Exciting times lie ahead for the ECB now that the pan-European infrastructure TARGET Instant Payment Settlement (TIPS) is going live next month. This platform enables banks to initiate immediate payments 24 hours a day, 365 days per year. The session The Eurosystem’s response to an evolving payments landscape revolved around the launch which will take […]

SIBOS day 2 – Darwin already knew: agility is key for survival, also for banks

According to Thomas Feiler, Head of Payments Product Management at equensWorldline, Charles Darwin predicted the fate of banks years ago, when he actually talked about the theory of biological evolution. “It is not the strongest species that survive, nor the most intelligent that survive. It is the ones that are most adaptable to change,” Darwin […]

‘Why are there no European companies competing in the battle for global payment solutions?’

Europe is largely dependent on non-European systems, such as PayPal, for cross-border (card) payments. The reason for this is that there is still no European payment system for the whole continent, partly because European banks mainly focus on serving their national markets. In the development of new payment services, this must change, says Yves Mersch, […]

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 […]