Equens successfully processed its first SEPA Credit Transfer payments today, 28 January. This means that from today, Equens’ systems are fully in line with the international agreements of the European Payment Council on this subject, and comply with the SEPA requirements. In terms of processing cross-border payments using bank cards, the Equens infrastructure has been compliant with the SEPA Card Framework since 1 January 2008. Michael Steinbach, Chairman of Equens’ Board of Directors: “SEPA became operational today.” SEPA will contribute to greater competition, new products, improved efficiency and lower costs as a result of economies of scale. “Thanks to our strategic choice to process both giro-based and card transactions, we have already distinguished ourselves from our competitors. Equens also aims to discover the full potential of new transaction types in several markets. This has resulted in an ever-growing product line of innovative payment solutions with regard to, for example, the mobile payments industry, e-invoicing and the prepaid card market,” Mr Steinbach stated.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.