Why SEPA Batch Booking Is Important 13

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 ...

10 Reasons Why SEPA is like Sitting High School Exams

I’ve been thinking recently about how SEPA, and come to think of it most multi-country corporate projects, are a bit like sitting a high school exam! With the official deadline upon us, most attention will turn to how ready corporates and Small Medium Enterprises (SMEs) are. Here is why I think the SEPA project, or any ...

5 SEPA Scams to be Aware Of 4

For many banks, corporates and SME’s (Small, Medium sized Enterprises) their main SEPA focus right now is to ensure compliance. Of course security, validation and verification is of utmost importance, but in the rush and haste of SEPA compliance, one may drop their guard and it is exactly at this moment that the SEPA scammers may seize their ...

SEPA: IBAN Number & SWIFT BIC – The Definitive Guide 13

Granted it is a little late in the day to start writing about the IBAN number and SWIFT BIC code. But there will be many SEPA implementations happening over the coming months, and so with that in mind I felt it was important to have a summary guide outlining what the IBAN number is, how it relates to SEPA, ...

ECB Stats Show SEPA Migrations Gathering Momentum 3

European Central Bank – EPC SEPA – PRESS RELEASE: Source: http://www.ecb.europa.eu/press/pr/date/2014/html/pr140120.en.html 20 January 2014 – New statistics show SEPA migration gathers pace in December New statistics released today by the European Central Bank (ECB) show that migration to the Single Euro Payments Area (SEPA) gathered pace strongly in December.According to the latest figures provided by national ...

SEPA XML in a Nutshell 20

The intention of this post is to give you an understanding of what XML is, how it relates to SEPA and items to take note of. It will not give you the A-Z of XML, consult your technical resources for that and the EPC website. Lets start with the basics, what is XML? eXtensible Markup ...