Latest SEPA Articles

Spreading the SEPA Spirit

Markus Straußfeld, UniCredit | 12 February

Despite the recent six-month stay of execution to 1 August 2014, one can safely say the single euro payments area (SEPA) has arrived. Indeed, the European Commission’s (EC) granting of some breathing space - in which payments differing from the new SEPA formats can still be accepted - makes no difference to the fact that credit transfer and direct debit schemes across the SEPA area now operate within a single payments system.

Unfinished Business: Why the SEPA Project Needed More Time

Luca Poletto, BNP Paribas | 11 February

In this interview with gtnews, Luca Poletto, head of SEPA at BNP Paribas Cash Management, explains the background to the recent six month extension granted to European corporates for compliance with the single euro payments area (SEPA) deadline, and the advantages he believes the new regime will bring over time.

Extended Transition to SEPA - What Does it Mean for Companies?

Michaela Quademechels, Hanse Orga International | 10 February

The first day of February 2014 was the original deadline for corporate to migrate their payments systems to the single euro payments area (SEPA). Just three weeks prior to that date the European Commission (EC) made a foray and in its official press release proposed an additional six-month transition period until 1 August 2014. The proposal evoked mixed responses: Whereas the financial sector did not see a necessity for extending the SEPA deadline, the corporate sector was generally rather relieved.

SEPA: Focusing on the Corporate Opportunities

George Stein, ACE Software Solutions | 10 February

The single euro payments area (SEPA), the European Union’s (EU) payment integration initiative, was meant to create a level playing field for banks and corporates alike, simplifying bank transfers, cutting costs and improving efficiency. However, SEPA continues to dominate the treasury media, and not always in a positive light. This article examines why so many corporates have delayed their preparation, what approach they must adopt, and looks at the vast opportunities that exist for those who choose to leverage the SEPA opportunity.

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