IBAN Number Format by SEPA Country 8

We have already covered the IBAN Number in the post SEPA: IBAN & BIC – The Definitive Guide. The purpose of this post is to give you a quick snapshot of the IBAN number format by SEPA country. In short, the IBAN is the International Bank Account Number – it is a globally agreed way of identifying ...

3 Reasons Why Banks Need to Read The Gates Letter 2015 11

Way back in 1994 Bill Gates famously said “Banking is essential, Banks are not“. Over the course of the last 21 or so years, that statement is arguably starting to ring true. There has been a massive transformation in the way we work, rest and play over that period. As consumers we have changed our behaviour ...

5 Things You Need To Know About Disruptive Innovation 14

Most corporates attending bank or payment related conferences, such as the SIBOS Conference 2014, will hear about Disruption. Disruptive innovation or disruptive technology is being spoken about across multiple industries, and for us the area are of interest is the disruption happening in the payments space – i.e. payments disruption. Many would argue that the disruption is ...

Instant Payments in Europe 6

Mark my words, Instant Payments or Real Time Payments will be hot in 2015! Globally there are various Instant or Faster Payments initiatives already in place, and many more being considered – but what is the European / SEPA take on Instant Payments? With the SEPA region in mind, what are Instant Payments, what is the Instant Payments ...

2015 – Let’s Do This!!

2015, Happy New Year! In 2014 we saw the SEPA deadline come and go, resulting in the approval of a 6 month transition period which ultimately led to the extended 1st August SEPA deadline. Throughout this SEPA for Corporates has sought to provide you with a no nonsense guide to implementing SEPA. From SEPA Credit Transfers, SEPA ...

Immediate Payments Not Available Anytime Soon…. 4

Immediate payments, faster payments, instant payments, real time payments – however you refer to them, they are a hot topic and now a pan European solution is being sought. On 1st December 2014 the ERPB (Euro Retail Payments Board) held its second meeting chaired by the European Central Bank (ECB). Before we get into the details ...

SEPA Rulebooks 2015 – 5 Things You Need to Know 4

Alright, first things first – I realise I have not been posting much recently… I will redress the balance and share some hopefully (!!) useful posts between now and Christmas. Please look out for those…. That said, there has not been much SEPA related news since my last post, SEPA is Here..! Most people are now ...

SEPA Is Here! 2

Its been a rollercoaster, and I’m guessing anyone that is reading this post has had quite a ride!!! Today is deadline day for SEPA compliance for all euro currency payments and direct debit collections in the euro-zone countries. It is without a doubt a huge milestone, referred to by the European Central Bank as one ...

SEPA Status – ECB SEPA Statistics – June 2014

The final countdown to the SEPA deadline, 1st August 2014, has started… With just 10 working days remaining, we have learnt a little more from the ECB about the status of the SEPA implementations across the SEPA zone. I recommend reading the SEPA Status – ECB SEPA Statistics – May 2014 post for some specific ...

Why Europe Is Not Ready For Virtual Currencies Like Bitcoin 3

The EBA, European Banking Authority, has been watching Virtual Currencies (VC) since September 2013. In December 2013, the EBA publicly highlighted various concerns due to the risks associated with unregulated virtual currencies. A few days ago on 4th July, 2014 the EBA went further and released an EBA Opinion on Virtual Currencies. In this publication ...