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 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 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 ...

SEPA Mobile Payments – An Introduction 5

When it comes to payments, there is a tremendous amount of buzz around mobile money payments. Its fair to say that various countries in Africa are leading the way when it comes to mobile money payments, and other regions are looking at the success and wondering if the model can be replicated. The EPC has released ...

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 ...

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 ...