Latest SEPA Articles

SEPA: From Compliance to Innovation

Mark McNulty, Citi - Edith Rigler, gtnews Freelance Consultant | 29 September

The pressure to be compliant with the single euro payments area (SEPA) end date, originally 1 February 2014 before a six-month extension was granted, led many banks to adopt tactical rather than strategic solutions. Despite the addition of an extra transition period to bring credit transfers and direct debit payments into the SEPA format, some banks are still adopting a compliance-only approach.

SEPA 2014 and Beyond: Generate the Efficiencies and Stay Engaged in the Debate

Javier Santamaría, European Payments Council (EPC) | 25 August

In this article, the European Payment Council’s (EPC) chair emphasises that the single euro payments Area (SEPA) remains a work in progress: European Union (EU) law defines the next SEPA deadlines as applicable in 2016. Corporates are encouraged to not stop at SEPA compliance, but to focus on generating the efficiencies. Last but not least, EU regulatory action intended to bring about ‘SEPA 2.0’ is now in the pipeline.

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