Sepa

205 articles tagged with this keyword

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European Parliament approves plans to extend Sepa migration deadline

The European Parliament has voted in favour of proposals to extend the migration deadline for processing Sepa-compliant payment transfers by six months, to August 2014.

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Fresh stats show Sepa migration accelerating

New statistics released by the European Central Bank (ECB) show that migration to the Single Euro Payments Area (Sepa) gathered pace strongly in December.

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European Commission wants to extend Sepa migration deadline as conversion rates stall

The European Commission is proposing to extend the Sepa migration deadline by six months in the face of mounting evidence that market participants are struggling to meet the original February 2014 target for switchover to the new euro payment formats.

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European Central Bank sets up Euro Retail Payments Board

The European Central Bank (ECB) has announced the creation of a new Euro Retail Payments Board (ERPB) to oversee the integration of the bloc's retail payments market in a post-Sepa environment.

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Italian utility Enel connects to EBA Clearing MyBank

Italian utility giant Enel has connected to EBA Clearing's MyBank service, offering customers the option to pay their gas and electricity bills from within a bank Web site.

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Live Blog: Swift Nordics Regional Conference 2013

Compliance and beyond: navigating challenges and exploring opportunities in the Nordic financial landscape

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Irish payments specialist Sentenial plans hiring spree

Dublin-based payments specialist Sentenial is promising to hire 110 new employees over the next year as it takes advantage of a Sepa-related boost to business.

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ECB warns of risks from 'big bang' migration to Sepa

The European Central Bank has issued a stark warning about the operational risks facing 'many key stakeholders' from a last-minute rush to meet the 1 February deadline for the transition to a single euro payments area (Sepa).

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Banks set out Sepa direct debit exception handling guidance

A Sepa migration forum facilitated by the Euro Banking Association has set out its best practice guidelines on direct debit exception handling.

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EBA Clearing to run MyBank e-mandate pilot

Payments stakeholders from six European countries are to participate in a six-month trial of EBA Clearing's MyBank system for collecting Sepa-compliant Direct Debits.

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RBS chooses CGI for Sepa one-stop-shop

The Royal Bank of Scotland (RBS) has selected CGI Group for the provision of a 'one-stop-shop' for its Sepa migration.

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European card fraud losses fall

ATM and POS-based card fraud are on the retreat in Europe, thanks in large part to technological advances such as EMV, but online losses remain stubbornly high, according to figures from the ECB.

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EU to establish European Retail Payments Board to improve Sepa governance

The EU is poised to revise the Single Euro Payments Area (Sepa) governance arrangements by replacing the informal Sepa Council with a European Retail Payments Board and by adjusting the role of the bank-backed European Payments Council.

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Transaction banks work to define common standards for supply chain financing

With the market for supply chain finance (SCF) schemes set for explosive further growth, Europe's largest transaction banks are coming together to define common terminology as they look to expand their range of services and compete for cross-border business.

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Council of the European Union demands Sepa migration push

Amid concerns that companies are failing to adequately prepare for February's Sepa migration deadline, the Council of the European Union has called on member states, banks and end users to redouble their efforts.

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EBAday 2013 fast approaching sell out as new faces join top line-up

PayPal and Monitise are among a rich crop of first-time exhibitors making their way to Berlin in May for the pre-eminent annual event for the European payments industry, EBAday 2013.

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Corporate treasuries are in danger of losing the Sepa momentum

Anne Coghlan, head of group treasury at Dyson, discusses how her organisation is redirecting attention towards complying with the single euro payments area as the industry prepares for the 2014 end dates.

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Irish businesses urged to step up Sepa preparations

The Irish business community is woefully unprepared for the imminenet arrival of a Single Euro Payment Area (Sepa), with 42% yet to begin making the necessary changes to their accounting systems, according to a survey by the Irish business and employers confederation (Ibec).

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ECB tells firms to buck up Sepa migration efforts

The European Central Bank (ECB) has warned that many companies are leaving Sepa migration too late, leaving themselves open to serious problems when the February 2014 deadline arrives.

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Europe's businesses not prepared for looming Sepa deadline

With the Sepa migration deadline now just a year away, Europe's businesses still have a long way to go, with only 30% of credit transfers and two per cent of direct debits compliant, according to Experian.