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EBADay: political will and Sepa

15 June 2011 Be the first to comment

Matt White

North America editor

Finextra

It was encouraging to hear a strong commitment to the Sepa ‘project' from EBADay's keynote speaker, Soledad Nunez from the Treasury of Spain. A lack of political will is often cited as a factor in the sluggish adoption of Sepa credit transfers and direct debits so Nunez's unequivocal backing is welcome. What's more, the Spanish central government's adoption of Sepa for all credit transfers shows it's not just talking the talk but also walking the walk. Nearly a quarter of Spanish banks have made the Sepa migration now - not bad but Nunez and her colleagues need to keep the pressure up.

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EBAday is the annual event for European payments professionals organised by Finextra and the Euro Banking Association. This community has been created to deliver a forum for EBA delegates to exchange views on instant payments, open banking and new developments in payments processing and technology.

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