The European Central Bank has called on Brussels to impose concrete end-dates for the imposition of new payments instruments under the Single Euro Payments Area (Sepa) project.
This gives time to integrate direct debit and e-invoicing - does not make any sense to run them separately.
I will get more confident on any deadline date once i see Banks offering SEPA based services with a competative price structure and an authority that has significant sanctions for non compliance. Otherwise i want hold my breath
Banks are unlikely to develop effective products for consumers till there is more clarity on issues such as interchange from EU institutions.
Argued for pan-EU e-invoicing (just-like-payment model) to be launched first - then SEPA. Then 1.migration to SEPA would have happened in a natural way (payment of e-invoice leads to SEPA payment) and 2. direct debit would nicely have stepped into e-invoicing
(not too late though).
Interchange on cost-covering level should not be a problem.
Excellent salary with uncapped commissionMilton Keynes
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