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 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 ...

SEPA Go Live – 4 Things You Need To Do TODAY! 2

With just under 3 weeks to go until the 1st August SEPA Go Live deadline, and keeping in mind the ECB SEPA Statistics for May 2014, there is no doubt that the 6 month deadline extension was absolutely essential. But collectively we’re not quite there, 100% SEPA compliant, yet. I’m guessing that any outstanding SEPA ...

SEPA Status – ECB SEPA Statistics – May 2014 2

As the August 2014 SEPA deadline looms, there is a keen interest from all SEPA stakeholders to understand the share of SEPA transactions as a percentage of the total volume of payments and direct debits in the SEPA zone.  Generally the SEPA implementation rate is increasing, but as this article indicates (even based on May ...

SEPA Banks Must Do Better

The recent post SEPA Holidays 2014/2015 – YOU Need To Know These Dates highlights the importance of communication and awareness in the ‘new’ SEPA world. The crux of the issue is that we have a ‘clash’ between various national public holidays along side SEPA processing days. For example, yesterday (Thursday 29th May, 2014) many European ...

3 Things You Ought To Know About SEPA BIC 4

During the course of various SEPA implementations I started to realise that the BIC (Bank Identifier Code) requirement was something to get an understanding of early. The BIC value is one which has various requirements depending on country, transaction type and bank. This post runs through the requirements and highlights three ways in which the BIC ...

EPC Launches 3 Month Consultation On the Evolution of SEPA 1

With less than 3 months to go until the 1st August SEPA deadline, today the EPC launched a 3 month consultation period on possible changes to the SEPA Credit Transfer and SEPA Direct Debit rulebooks. This post examines the details of the announced consultation period, and offers some personal thoughts around the need of this ...

SEPA Holidays 2015 / 2016 – YOU Need to Know These Dates! 6

Normally when you hear about public holidays in other countries you don’t pay too much attention, why should you? In the ‘old days’ of national clearing systems your euro currency payments and direct debit collections were processed according to your national work days and you knew exactly when there was a national public holiday. With ...

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, ...

SEPA XML in a Nutshell 19

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 ...