Belgium – Migrating DOM80 to SEPA Direct Debit CORE

Ok, I know this post is a bit late. Especially since the SEPA go live in Belgium was on 1st April, 2014. If you’re working on a SEPA implementation in multiple countries, be aware of the various SEPA Deadlines By Country. But the information maybe relevant for some corporates who may have put off their SEPA ...

Understand ISO 20022 XML In Less Than 2 Minutes 7

ISO 20022 XML sounds pretty techie, eh? Well, it is techie. But its not as complicated as you think. Unless you’re a systems developer, chances are you don’t need to know the nuts and bolts of ISO 20022 XML. You need an understanding of what it is, and know where to go for more information. ...

What Is A Payment Factory? 8

The post “SEPA Compliance, Tick. What Next?” highlights the current status of your SEPA project and provides an overview of what might be considered next. The SEPA conversation has shifted from compliance to one of process improvement. After all, you have done so much to standardise your euro-based payments and direct debit collections, it would ...

ECB SEPA Statistics – February 2014 2

Earlier this year, we saw that the ECB stats showing SEPA migrations gathering momentum. The ECB SEPA statistics showed improved levels of SEPA compliance, but of course corporates and SME’s were far from ready. Recognising this shortfall, the European Commission proposed a 6 month transition period which was formally adopted by the Council of the ...

SEPA Compliance, Tick. What Next..? 7

Many corporates are either making good progress towards SEPA compliance, or are almost complete. The SEPA conversation has somewhat shifted from SEPA compliance to process improvement. Sure there will be a period of teething while the new SEPA process settles down, but your corporate Euro zone payments and collections landscape should look fairly similar now. ...

Why SEPA Batch Booking Is Important 9

In the last few weeks I have come to realise the importance of the SEPA Batch Booking tag, <BtchBookg>. The tag is one I was familiar with, but didn’t realise the significance of. During a SEPA payments go live we started seeing a debit for every single payment in the bank statement. Oh nuts! The requirement was ...

What Is The Biggest Thing Your SEPA Project Is Struggling With…?

This is going to be a very short post. I would like to understand from YOU, what problems YOU’RE encountering with YOUR SEPA project… Chances are I have already come across the particular problem within my own SEPA project(s), and if I haven’t then I’m sure somebody else has! If you have a solution or ...

Official – SEPA Deadline Extended to 1st August 8

As we all know, on 9th January 2014 the European Commission proposed that the SEPA deadline should be extended from 1st February to 1st August, 2014. This 6 month SEPA deadline delay or ‘transition period’ was later approved by the European Parliament on 4th February, 2014. The amendment to Regulation 260/210 was formally adopted by the Council of the European ...

SEPA Deadline by Country – A Must Read 9

The 6 month SEPA deadline delay does not necessarily mean that you now have until 1st August, 2014 to ensure SEPA compliance within your organisation. The SEPA deadline transition, from 1st February to 1st August 2014, has brought about a lot of confusion between concerned parties. The confusion lies in the recent SEPA deadline amendment to Regulation (EU) 260/2012 ...

European Parliament Support the SEPA Deadline Delay 4

Following on from the European Commission proposal last month to delay the SEPA deadline, today a European Parliament vote supported the six month SEPA deadline delay to 1st August, 2014. The European Parliament vote is likely to be formally adopted into law by the European Council in the next few days. The official European Parliament ...