SEPA Customers

SEPA Migration - Reports, Case Studies and Indicators


The EPC Newsletter regularly publishes the latest data available regarding migration to the Single Euro Payments Area (SEPA) (see link below). The EPC Newsletter also highlights lessons learnt by individual businesses and public administrations, who have implemented the SEPA payment schemes based on technical standards developed by international standards bodies such as the International Organization for Standardization (ISO) (see link to customer case studies below).

The European Central Bank (ECB) publishes the SEPA Indicators (see link below), which identify the share of SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) transactions as a percentage of the total volume of credit transfers and direct debits generated by bank customers. In the area of cards, the ECB SEPA Indicators track, among other things, the progress of EMV roll-out. EMV is an industry standard to implement chip and personal identification number (PIN) security for card transactions to combat fraud. The ECB also makes country-specific SEPA information, including national SEPA migration plans and SEPA-related contact links, available (see link to 'European Central Bank SEPA-by-Country Hub' below). In March 2013 the ECB published its first report on the migration towards SEPA (see link below), which describes the state of play of the migration process in euro area countries towards the creation of a single market for credit transfers and direct debits in euro across Europe, and provides guidance on the management of the transition process.

The European Commission (the Commission) publishes surveys on public administrations' (PA) preparedness and migration to SEPA (see below). In addition to the survey on PA preparedness and migration to SEPA, the Commission publishes separate annual progress reports on the state of SEPA migration as requested by the Economic and Financial Affairs Council (ECOFIN), which comprises the EU Finance Ministers. The Commission released its third annual progress report on the state of SEPA migration in May 2011. No further updates have been made available.

Get ready for SEPA. Act now!
EU Regulation defines mandatory dedalines for migration to SEPA


In February 2012, the European legislator adopted the 'Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009' (the SEPA Regulation), which defines 1 February 2014 as the deadline in the euro area for compliance with the core provisions of this Regulation. In non euro countries, the deadline will be 31 October 2016. Effectively, this means that as of these dates, existing national euro credit transfer and direct debit schemes will be replaced by SCT and SDD. For more information on the SEPA Regulation, refer to these dedicated pages on the EPC Website: SEPA Legal and Regulatory Framework and The EPC Migration Tool Kit: Get Ready for SEPA by 1.2.2014. Act Now!

Selection of articles from the EPC Newsletter and other sources

European Commission Services' 3rd Annual Progress Report on the State of SEPA Migration (May 2011)

EPC Website: SEPA Legal and Regulatory Framework

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08.05.13
If You Have not Migrated to SEPA Yet – Act Now!

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