Blog
Regular mentions of the single euro payments area (SEPA) throughout the opening sessions of the International Payments Summit (IPS) in London were just the prelude. Day Two of the event on 10 April offered a comprehensive review of how the SEPA migration process is proceeding, ahead of the February 2014 end-date.
Blog
A wide range of themes relating to payment services were discussed at Day One of the International Payments Summit (IPS) held in London on 9 April, with the fast-approaching introduction of the single euro payments area (SEPA) and its repercussions for corporate treasurers featuring regularly.
Blog
The need to identify and update inaccurate records is a constant for corporate treasuries. The requirement to undertake data cleansing to achieve sanctions screening compliance, deliver efficient cash reporting procedures, or just to keep regulators off your back, has received another boost recently, says gtnews contributing editor, David Kelin, because we are now less than a year away from the migration end date for the single euro payments area (SEPA). To achieve compliance corporates need to ensure all their international bank account numbers (IBANs) and bank identifier codes (BICs) in their payments stream are up-to-date.
Blog
With the migration deadline for the single euro payments area (SEPA) now less than a year away gtnews contributing editor, David Kelin, looks at the readiness or otherwise of corporate treasuries and the available options for latecomers to achieve compliance and avoid regulatory fines.
Commentary
The eurozone crisis is never far from the headlines these days, and the topic was one that was much debated at EBAday 2012 in Edinburgh. The eurozone, however, is not the only thing on shaky ground: the single euro payments area (SEPA) faces a number of hurdles before the implementation date of 1 February 2014.
Blog
The single euro payments area (SEPA) end date was one of the hot topics discussed at the International Payments Summit (IPS), held 12-15 March in London. With much uncertainty still remaining despite the end date regulation and a tight timeframe for compliance, it is essential to highlight a number of success stories.
Survey Results
While wire transfers remain at the top of the list given their significant risk mitigation effect, automated clearing house (ACH) credits and single euro payments area (SEPA) instruments (both e-payments) will grow in importance in the near future.
Commentary
More than 600 payments industry players participated in SIA's sixth annual international payments summit in Milan. Rebranded as SIA Expo, the conference covered topics such as SEPA 3.0, the future of electronic payments (e-payments) and electronic services (e-services) as the next frontier for innovation.
Video
Simon Newstead, head of FI market and business strategy, GTS, RBS, addresses the three major themes of the conference: the macroeconomic environment, the regulatory landscape and co-operation within the banking industry.
in association with RBS Global Transaction Services
Video
Gerard Hartsink, European Payments Council (EPC) chair, talks about the latest developments of the single euro payments area (SEPA), and expands on the business case for corporates.
Video
Paul Simpson, head of global transaction services, BofA Merrill, talks about what he thinks are the top challenges for corporate treasurers and the challenges in his new role at the bank.
Commentary
Many speakers hailed the end of the single euro payments area (SEPA) at the sixth EBAday, as the promise of end dates are dangled enticingly in sight. However, there are still many issues to overcome before the industry can truly put the project to bed.