EBAday

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ABN Amro selects Equens for Sepa debit card processing

/EBAday

ABN Amro selects Equens for Sepa debit card processing

Pan-European payment processer Equens has won a five year deal to provide debit card processing services to Dutch banking group ABN Amro in support of the introduction of the single euro payments area (Sepa) in 2008.

Clear2Pay gets EUR130,000 grant for Sepa direct debit strategy

/EBAday

Clear2Pay gets EUR130,000 grant for Sepa direct debit strategy

Belgium-based payments systems vendor Clear2Pay has been awarded a EUR130,000 grant by the Flemish Innovation Institute for Science and Technology (IWT) which it will use to support the development of its Sepa direct debit technology.

Euro cross border transfer costs down 90%

/EBAday

Euro cross border transfer costs down 90%

The introduction of European Union (EU) rules governing cross-border euro payments in 2001 has led to a dramatic fall in costs for consumers and prompted banks to invest in EU-wide payments intfrastructure, according to a European Commission study.

Europe's banks will miss Sepa direct debit deadline, says Hartsink

/EBAday

Europe's banks will miss Sepa direct debit deadline, says Hartsink

Europe's banks will miss the first single euro payments area (Sepa) deadline for direct debits because of delays in passing a new Payment Services Directive (PSD), says Gerard Hartsink, chair of the European Payments Council (EPC).

German co-op banks to ditch domestic debit scheme

/EBAday

German co-op banks to ditch domestic debit scheme

In an effort to comply with new regulations governing the creation of a Single Euro Payments Area (Sepa), the Sparda banking group in Germany is to ditch the domestic debit ec (electronic cash) scheme in favour of using MasterCard's Maestro marque for both national and international debit card payments.

Banks under pressure on account switching

/EBAday

Banks under pressure on account switching

Customers will not gain the full benefits of competition in a Single Euro Payments Area (Sepa) unless banks make it easier to switch accounts between institutions, says a group of European regulators which are pushing for a greater say in the preparations for the new payments framework.

EBA Clearing banks to cut costs with new workstation

/EBAday

EBA Clearing banks to cut costs with new workstation

EBA Clearing has teamed with interbank network Swift to launch IWS-Browse, an interactive workstation (IWS) that enables banks to monitor and control their payment flows on the Euro1/Step1 platform and across other market infrastructures.

Euro Central Bank calls for more clarity on Sepa for cards framework

/EBAday

Euro Central Bank calls for more clarity on Sepa for cards framework

The European Central Bank has laid down a new set of objectives for payment card schemes to achieve in order to become Sepa-compliant, amid concerns that current provisions would lead to higher prices and a deterioration in service quality.

Voca turns to SwiftNet for European expansion

/EBAday

Voca turns to SwiftNet for European expansion

Payment services provider Voca has unveiled plans for a multi-purpose SwiftNet channel to expand connectivity choices for its customers as payment infrastructure consolidation talks get underway in the UK.

Pilot banks lined up for EBA priority payment scheme

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Pilot banks lined up for EBA priority payment scheme

The EBA has signed up 24 banks to pilot a new priority payment scheme, designed to ensure irrevocability of payments for beneficiaries within four hours of a credit transfer.

Survey highlights lack of planning beyond first Sepa deadline

/EBAday

Survey highlights lack of planning beyond first Sepa deadline

Less than half of euro-zone banks are planning their product and market strategy beyond the first single euro payments area (Sepa) deadline in 2008, according to research commissioned by LogicaCMG.

Interpay and Transaktionsinstitut merge to create new Sepa-ready processor Equens

/EBAday

Interpay and Transaktionsinstitut merge to create new Sepa-ready processor Equens

Dutch payments body Interpay and German processor Transaktionsinstitut have completed their merger to create a new pan-European service provider, Equens.

Euro banks to lose EUR29bn payment revenues after Sepa

/EBAday

Euro banks to lose EUR29bn payment revenues after Sepa

Euro zone banks stand to lose up to 62% of payments-related revenues following the introduction of the European Union's Single Euro Payments Area (Sepa), according to research from CapGemini, ABN Amro and The European Financial Management & Marketing Association (Efma).

Sepa spend by Europe's banks to top EUR8 billion

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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.

Interpay extends reach to 25 EU countries

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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.

European card schemes form payments alliance

/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.

IT vendors push for more Sepa consultation

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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).

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

/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).

Corporates pile the pressure on banks for open payments market

/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.

Sepa debate to take centre stage at EBAday payments show

/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.

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