Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Sepa spend by Europe's banks to top EUR8 billion

The top 100 banks in Europe are projected to spend more than EUR3 billion to comply with EU requirements for a Single Euro Payments Area (Sepa), according to a survey conducted by Accenture.

13 September 2006

News/EBAday

Interpay extends reach to 25 EU countries

Dutch payments processor Interpay is expanding its SwiftNet market infrastructure - which currently connects banks in the Netherlands - to financial institutions in all 25 EU countries in readiness for the introduction of the Single Euro Payments Area (Sepa) in 2008.

12 September 2006

News/EBAday

European card schemes form payments alliance

A group of European card payment companies have banded together to form the Euro Alliance of Payment Schemes (EAPS) with the aim of offering direct interoperable debit card transactions at ATMs and cash tills across national borders.

07 September 2006

News/EBAday

IT vendors push for more Sepa consultation

Responding to gripes from technology firms about limited consultation in the development of the rulebooks and schemas for new pan-European payment types, the Euro Banking Association (EBA) is reviewing how it works with the IT community to progress the vision of the Single Euro Payments Area (Sepa).

06 June 2006

News/EBAday

JPMorgan Chase calls for top banks to take lead role in Sepa debate

Mark Garvin, chairman of the supervisory board at JPMorgan Chase AG has called for a renewed banking industry effort to meet the challenges laid down by the move to a Single Euro Payments Area (Sepa).

06 June 2006

News/EBAday

Corporates pile the pressure on banks for open payments market

Corporate treasurers are joining with the European Commission and calling for more urgency from banks in the creation of an open payments market across Europe.

30 May 2006

News/EBAday

Sepa debate to take centre stage at EBAday payments show

More than 250 top bankers from across Europe will gather in Frankfurt in early June to debate the future of European payments processing.

26 May 2006

News/EBAday

National card schemes propose euro payments alliance

German card processor Zentraler Kreditausschuss (ZKA) is aiming to create a 'Euro Alliance of Payment Schemes' with partners in Portugal, Italy, Spain and the Netherlands in an effort to interlink national debit card systems to process cross-border transactions.

24 May 2006

News/EBAday

Al Rajhi Bank selects ACI software for EMV roll out

Saudi Arabia's Al Rajhi Bank (ARB) is installing ACI Worldwide's Smart Chip Manager package for the issuing and processing of multi-application EMV smart cards.

22 May 2006

News/EBAday

Banksys cans BC/MC national payments system in favour of Maestro

Belgium's bank-owned payment network, Banksys, is ditching its existing domestic system for card payments in favour of MasterCard's Maestro global processing platform in preparation for the introduction of the Single Euro Payments Area (Sepa) in 2008.

18 May 2006