Produced by an EBA Working Group, 'Banks preparing for Sepa', has been compiled to provide the European payments community with an overview of Sepa-compliance requirements.
Chaired by Björn Flismark of SEB, the Working Group paper explains which areas of the payment business Sepa affects and what banks need to do in order to achieve compliance.
The document mainly focuses on the requirements banks will have to fulfill with regard to Sepa credit transfers and direct debits. The paper additionally gives high-level recommendations with regard to card payments and the use of clearing and aettlement mechanisms in Sepa.
The paper also directs readers to key EPC documents and relevant EU legal texts, in an effort to provide a full and detailed picture of Sepa infrastructure and instrument requirements.
Download the document now 436.6 kb (Adobe Acrobat Document)