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SEPA Payment Structure & Services

Background

The European Central Bank (ECB) and the European Commission describe SEPA (Single Euro Payments Area) as "an integrated market for payment services which is subject to effective competition…

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Payments - Receipts

SEPA‘s global impact

by Kylene Casanova

SEPA is affecting payment systems and payments world-wide, particularly in the surrounding countries who have intensive trade relationships with the eurozone who are embracing the new

Payments - Receipts

SEPA: on average the cost of failed transactions will be €50 each

by Kylene Casanova

The European Commission estimates that the cost of a failed transaction will be EUR 50 on average. This does not include the negative impact on customer and supplier relationships, and any impact on employees who ha