GO

In your view, what is the main advantage for non-consumer payment service users resulting from migration to harmonised SEPA payment schemes and technical standards?

Streamline back office processes and, consequently, reduce costs
Collect direct debit payments based on the new harmonised SEPA Direct Debit Schemes across all SEPA countries
Generate efficiencies with implementation of the ISO 20022 message standards
Centralise cash management
Consolidate number of bank accounts required to manage payment business
or show results
 

EPC Newsletter
Issue 1 - January 2009

EPC Latest News

New EPC Publications availableEverything you always wanted to know about SEPA

22.01.09 By Meral Ruesing

INTRODUCTION AND SUMMARY

Get the latest EPC publications providing the information needed in your community, your company and your public administration to drive forward SEPA implementation.

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Readers are invited to share their thoughts on topics discussed in the EPC Newsletter.
Scroll to the end of the page and post a comment.

Making SEPA a Reality - the definitive Guide to the Single Euro Payments Area

The introduction of the Single Euro Payments Area is the most ambitious project ever undertaken in European payments history. In practice, this means that an entirely new framework of EU-wide applicable payment schemes and standards has to be put in place to process billions of electronic euro payments. In addition, the appropriate regulatory and legal environment for SEPA implementation needs to be created. Last but not least, customers must get inspired to join the SEPA initiative. This publication is the stepping stone to understanding all aspects of the SEPA process and provides the links and sources needed for further research. (This brochure was replaced by new material. Please visit the EPC Website page 'SEPA Customers').

SEPA for Business

SEPA benefits first and foremost customers. For businesses, common standards, faster settlement and simplified processing will improve cash flow, reduce costs and facilitate the access to new markets. Re-engineering payment processes based on innovative end-to-end solutions will further reduce costs due to standardisation, automation and enhanced banking services. SEPA schemes and standards are an integral part of such solutions. This publication delivers practical information for individuals coordinating or seeking to set up a SEPA implementation project in any business within the 31 SEPA countries. (This brochure was replaced by new material. Please visit the EPC Website page 'SEPA Customers').

SEPA for the Public Sector

To reach a critical mass of SEPA payments, the engagement of all public administrations is indispensable. The public sector accounts for up to 20 per cent or more of payments made in society. Moving this volume to SEPA instruments would significantly contribute to creating critical mass and trigger the adoption of SEPA instruments by others, such as corporates and consumers. Given the wider benefits for society, public administrations could and should therefore play a major role in kick-starting migration by setting an example for all customers. This publication provides practical information for individuals in public administrations anywhere coordinating or seeking to set up a SEPA implementation project. (This brochure was replaced by new material. Please visit the EPC Website page 'SEPA Customers').

The EPC Shortcut Series

The EPC Shortcut Series offers easy access to essential SEPA concepts - on two pages or less. Anybody involved in the payments business - be it a payments services supplier or an individual managing payments in a company or a public administration - can now inhale key SEPA principles within ten minutes.
Shortcut to the SEPA Credit Transfer Scheme, Shortcut to the SEPA Direct Debit Schemes and Shortcut to the SEPA Data Format

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