Creating smart SEPA SolutionsNew EPC Publication: SEPA for IT Providers
30.10.09 BY Meral Ruesing
(This brochure was replaced by new material. Please visit the EPC Website page 'SEPA Customers'). Re-engineering payment processes based on innovative end-to-end solutions will generate substantial efficiency gains, reduce costs and drive forward the trend towards standardisation, automation and centralisation. SEPA schemes and standards are an integral part of such solutions. Technology providers, e.g. software vendors, processors, system integrators and consulting firms should support the development of new cost efficient products and services that will facilitate rapid and low risk migration to SEPA for banks and their customers such as businesses and public administrations. The new EPC publication "SEPA for IT Providers" pinpoints the IT requirements of banks and their customers as regards SEPA implementation. In addition, find here the link to additional updated EPC material providing easy access to SEPA for consumers, businesses and public administrations, among others.***
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SEPA for IT Providers
The SEPA roll-out forces suppliers as well as users of payment services to re-consider strategies: decisions need to be made whether to refrain from any action unless compliance requirements dictate otherwise; whether to outsource all or selected payment processes and / or whether to invest in upgrading existing payment architectures. Alternatively, SEPA could be viewed as just one element of a broad strategy designed to dematerialise business processes beyond payments, e.g. to migrate from paper-based and manual procedures towards electronic information exchange within and between organisations acting as buyers and sellers.
In either scenario, the impact on internal processes, IT platforms and delivery channels needs to be assessed. Banks and their customers will have to either modify existing or develop new IT platforms and delivery channels. Many will use the SEPA development to replace ageing infrastructures and to refresh systems. Operating models will need to be redefined to realise increased efficiency, improved control and a maximum of consolidation based on the implementation of the new SEPA payment instruments and standards
IT providers and consulting firms can significantly contribute to managing the SEPA process at the level of individual banks, companies and public administrations by providing the support to identify the appropriate strategy and to implement subsequent changes. At the same time, smart solutions offered by the IT community will accelerate innovation and strengthen the business case for new payment products and services delivered as part of SEPA.
The EPC publication "SEPA for IT Providers" pinpoints the IT tools required by banks and their customers engaged in the process of SEPA implementation. A link to this publication is set out below.
Updated EPC material providing easy access to SEPA for customers
The EPC has made available a variety of publications dedicated to the information needs of SEPA customers such as consumers, businesses and public administrations and other interested parties. This material includes, among others, the comprehensive brochure "Making SEPA a Reality - the definitive Guide to the Single Euro Payments Area" as well as the EPC Shortcut Series featuring key SEPA concepts in a 2-page-flyer format. Updated editions of these publications released in September 2009 are now available for download on the EPC web site (see link below).
Other articles in this issue
30.10.09 Update EPC Plenary Meetings - Main decisions taken in September 2009 By Gerard Hartsink 30.10.09 Going all the Way - EPC guidelines on customer reporting of SEPA Credit Transfers and SEPA Direct Debits By Eric Veronneau 30.10.09 Ready or not... - SDD roll-out possible in case of delayed national PSD implementation By Ruth Wandhöfer 30.10.09 Refunds and Returns revisited - Questions and answers on the correlation between the PSD and the SDD Schemes By Kevin Brown 30.10.09 The X Factor - Are EU governments still committed to making SEPA a reality? By Gerard Hartsink 30.10.09 Towards a SEPA migration end date? - Commission services publish feedback on public consultation on possible end date(s) for SEPA migration By Véronique Margerit 30.10.09 SEPA Roadmap: how to make SEPA a Success - European Commission Communication on "Completing SEPA: a Roadmap for 2009-2012" By Daniela Umstätter 30.10.09 Yes we can - Part II - Belgium: a case study in successful migration to SEPA By Benoît Lempkowicz and Anne Demelenne 30.10.09 Facing the Facts in October 2009 - The EPC Newsletter tracks the progress of SEPA implementation By Herman Segers 30.10.09 Cashing out - National Central Banks commit to optimise cash handling in SECA: a progress report By Leonor Machado 30.10.09 EPC launches SEPA Direct Debit Schemes - European payments industry confirms commitment to making SEPA a reality By Gerard Hartsink 30.10.09 Better Business with SEPA Direct Debit - Corporate customers confirm benefits of SEPA implementation By Christian Westerhaus 30.10.09 The linking Pin - EPC and GSMA kick off public consultation on Trusted Service Manager requirements By Dag-Inge Flatraaker 30.10.09 New SEPA Scheme Rulebooks out now - EPC publishes new versions of the SCT and SDD Rulebooks on 1 November 2009 By Herman Segers
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