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 ...

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 Deadline – 2 Months and Ticking….. 2

We have just over 2 months to go until the SEPA deadline. You need to take stock of where you’re at with you’re SEPA implementation. Your probably already sending monthly updates to your key stakeholders, with details of successes, failures, risks up to this point. Thats all great. The following approach should take you about ...

A Must Visit Website for any SEPA Implementation… 5

I know what you’re thinking, he’s going to plug his own website 😉 By now, i think we’re all realising the pain point of any implementation is the validity of the BIC information. There are of course many sites that can help you with this particular problem area. But there is one that deserves special attention for ...

Migrating to SEPA in 5 Easy Steps 4

You have probably read lots of good stuff about migrating to SEPA . Even when you are migrating the same SEPA process, be it credit transfers or direct debit collections, no two implementations will be the same. You may have migrated a SEPA process in France and will think right, i will copy and replicate ...

SEPA Payroll – Deadline: October 2013…

Sorry for the shock headline, but with reference to salary payments consider this – alot of companies pay their employee salaries at the end of the month. In terms of timelines payroll is a key process that happens once a month, at the end of the month, and cannot go wrong. You have the potential ...

SEPA Direct Debit Key Considerations 7

If your following through the various SEPA Direct Debit related posts, i’d suggest the following order: SEPA Direct Debit – An Overview Differences between the SEPA Core and B2B Schemes I’m guessing you will have done some of your own reading too, and you’ll be thinking about implementing the SEPA Direct Debit process within your ...