In this blog (see 'related links' below), Javier Santamaría, Chairman of the European Payments Council (), highlights information also offered with the April 2013 edition of the quarterly Newsletter to support market participants in the euro area in getting ready for the Single Euro Payments Area () by February 2014, as mandated by European Union law. Organisations that have not yet started migration should act immediately to ensure that they implement the required measures in order to be compliant before February next year. Whilst good progress has been achieved by the corporate sector preparing for the transition, the focus should now be on joining forces to assist, in particular, small and medium-sized enterprises and local public administrations in the euro area that must meet the 1 February 2014 deadline. This requires coordinated efforts by national public authorities and trade associations representing businesses and banks.
Links to Newsletter articles cited and sources offering detailed information on how to get ready for at the level of individual organisations are included at the end of this blog.
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