The Most Boring Article About EBICS You’ll Ever Read

I must admit, i haven’t worked with EBICS at all and in recent days have been on a mission to find out as much as possible about the EBICS connectivity method. In this post i share some of the things i learnt about EBICS. 1. What is EBICS? EBICS is the Electronic Banking Internet Communication Standard, ...

What the EBA Chairman said about PSD2 in the UK 1

As i gathered the top payments news stories in February 2017, i came across a speech the EBA (European Banking Authority) Chair – Andrea Enria – gave at the Westminster Forum on PSD2 in the UK. It was an interesting speech which clearly outlines the importance of PSD2 (Payments Services Directive) for the whole of ...

What is the EU in 3 Simple Infographics

So, what just happened? The UK has made up its mind and decided to Leave the EU – with 51.9% of the vote, 48.1% of the public wanting to Remain The British Prime Minister has said that he will leave Downing Street by October, 2016 The UK is being pulled in a few different directions: ...

SEPA TARGET Closing Days 2017 and 2018

I received an email today asking for the SEPA TARGET closing dates for 2017. I’m guessing other people will also be interested in the SEPA TARGET holiday dates so will share the information in this post. Check out the post SEPA Holidays 2015 / 2016 – YOU Need to Know These Dates! for the holiday ...

Payments in Europe, the SEPA IBAN Only Rule and 2016 1

There has been quite a lot of discussion recently about the SEPA IBAN Only rule, and with it some confusion too. So in this post i thought i would try and take the complexity (for corporates) out of the IBAN only rule by providing a simple question and answer guide….. 1. What is the SEPA ...

November 2015 SEPA Rulebook Is LIVE..!

Some of you may be aware that yesterday (22nd November, 2015) saw the introduction of new SEPA Rulebook for both the SEPA Credit Transfer and for the SEPA Direct Debit scheme. The new SEPA Rulebook changes have caused some people to panic, and others to go into denial. I’m exaggerating of course! But the new SEPA ...

5 Things You Need To Know About PSD2 – Payment Services Directive 47

Speculation over the much anticipated PSD2 – revised Payment Services Directive – has been gathering for quite a while now. Last week the European Parliament adopted the revised Directive on Payment Services (or PSD2), and with it the PSD2 reality got a little bit closer. PSD2 has been attracting quite a lot of attention, and ...

The Benefits of SEPA According to PWC 2

PWC were assigned by the European Commission DG Internal Market & Services to analyse the benefits and opportunities presented by SEPA once ‘fully embraced’. The report released last year in January 2014, provides us with some interesting insights into the opportunities and benefits of SEPA. Some aspects of the report are very technical and theoretical, but ...

Eurozone Crisis – Should Greece Stay Or Should Greece Go? 1

As 30th June deadline looms another round of Eurozone crisis talks continue in a bid to resolve the Greek debt conundrum, I wanted to understand for myself the key arguments for and against Greece staying in the Eurozone. The implications of a Greek Exit or Grexit are absolutely huge, and of course SEPA is just ...

SEPA Timeline – The Past, Present and Future… 3

With 1st February 2016 SEPA deadline ahead of us, I thought it would be worthwhile taking stock – via a SEPA timeline - of where we’re at, where we’ve come from and where we’re going on this SEPA journey. Getting to the point we’re at right now has taken over 15 years, a couple of SEPA deadlines, lots ...