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…
Read moreby Kylene Casanova
In the 'Fast Track to SEPA readiness' session at the recent EBAday in Berlin, Wolfgang Stockinger, Global Head of Account Services at Deutsche Bank, in his presentation recommended that if a
by Kylene Casanova
Tatiana Nikitina's, (Cash and Banking Analyst at British American Tobacco) stand-out presentation at The Association of Corporate Treasurers Annual Conference, showed, in fascinating detail, what
by Kylene Casanova
A core group of seven German banks are to use EBA Clearing's pan-European Automated Clearing House Step2 for processing Sepa-compliant domestic payments in euros. Under the plans -
by Kylene Casanova
At its latest economic and financial affairs meeting, the Council - made up of minsters from EU member states - reiterated its backing for the Sepa (Single euro payments area) project and the
by Kylene Casanova
SWIFT today added daily updates to its reference data directories to reduce industry costs associated with payment processing. As part of the SWIFTRef data platform, the new service will replace
by Kylene Casanova
More evidence about the cost of not making the SEPA end date of 1 February 2014 emerged during the ACT Annual Conference in Liverpool on 1-3 May: the cost of correcting a non-compliant
by Kylene Casanova
The Cyprus liquidity crisis showed that the euro crisis is not over by any means.
by Kylene Casanova
Deutsche Bank announced last week the launch of Accounts Receivable Manager (ARM) for SEPA, a corporate cash management solution designed to help global organisations that manage high
by Kylene Casanova
Once a year ICBI organises a conference on the payment systems industry in Europe. It is a huge, prestigious event and this year SEPA formed a major part of the timetable. There were many bankers and corporate treas
by Kylene Casanova
Bottomline Technologies launched V-Series on 4 April, its new technology platform for real-time validation and verification of UK bank accounts. V-Series enables organisations to combat the threats
by Kylene Casanova
SEPA Direct Debit mandate administration is a huge problem in moving from the legacy national direct debit schemes. There is a growing number of DD mandate management systems and services
by Kylene Casanova
At the Eurofinance Conference in Frankfurt on 18 March senior managers at the ECB and the European Payments Council repeated that the EU is determined that the February 2014 launch date will
by Kylene Casanova
These are: account receivables and payables files: make sure all bank codes are converted to up-to-date BICs (Bank Identity Codes) and the bank account numbers are converted to up-to-date
by Kylene Casanova
The Royal Bank of Scotland (RBS) plc today announced the launch of the RBS SEPA Accelerator; a new solution to help clients quickly and cost-effectively migrate to mandatory SEPA standards.
by Kylene Casanova
Payroll payments in the new SEPA Credit Transfer XML formats have to work from 1 February 2014. The rest is detail.
by Kylene Casanova
The graph on SEPA Direct Debits says it all:
by Kylene Casanova
Due to the dogged determination of FMS's MD, Gianfranco Tabasso*, in many SEPA committees and steering committees over the last 3-4 years, there is a 140 characters data field in both the SCT and the SDD formats.
by Kylene Casanova
Volatile markets and shifting regulations require a dynamic approach to managing the treasury project queue. Treasury Alliance have put together a list of ten projects that may have slipped your list including SEPA
by Kylene Casanova
Thomas Wolpert of UTA, a transport services provider operating throughout Europe, describes how their single euro payments area (SEPA) Direct Debit (SDD) implementation programme began in 2010 and is now all ready f
by Kylene Casanova
Two recent surveys of corporate treasurers' readiness for SEPA have shown how many companies are leaving it very late to get started on their migration to SEPA standards:
by Kylene Casanova
The survey of 300 businesses in France, Germany and the UK conducted by Edgar Dunn Company on behalf of Steria, found that almost 70% of European businesses are aware of Sepa in general, and more than 80% of busines
by Kylene Casanova
EBA Clearing, a major Pan-European payment infrastructure solutions provider, has introduced new optional services on the STEP2 platform to meet the requirements of its users for the single euro payments area (SEPA)
by Kylene Casanova
Companies have to implement significant changes to their operational models to move to SEPA. They have to invest in system upgrades, testing and staff training. The scope of the changes is extensive.
by Kylene Casanova
The consensus in the many corporate treasurers I know is that the euro will survive, and at least one country will exit the euro. Although there are great differences of opinion about what will happen, ranging from
