Keyword

Sepa

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EPC warns Brussels to keep its nose out of payments business

EPC warns Brussels to keep its nose out of payments business

The European Payments Council has warned the European Commission not to abuse its executive powers and take on a standards-setting role in the push to create a Single Euro Payments Area (Sepa), arguing that banks must retain their primacy in the development of payment systems.

14 March 2011

French banks call for Sepa DD interchange mechanism

French banks call for Sepa DD interchange mechanism

The French Banking Federation has hit out at recently proposed EC Sepa migration regulations - arguing that they handicap implementation and undermine the interbank system - and called for an interchange mechanism for the direct debit instrument.

20 January 2011

EC sets Sepa migration deadlines

EC sets Sepa migration deadlines

The European Commission has finally set out its proposals for EU-wide end-dates for the migration of national credit transfers and direct debits to Single Euro Payments Area (Sepa) instruments.

16 December 2010

ECB's Tumpel-Gugerell sets out Sepa resolutions

ECB's Tumpel-Gugerell sets out Sepa resolutions

The European Central Bank's Gertrude Tumpel-Gugerell has set out a list of New Year Resolutions for the EU payments industry, including the imposition of a Sepa migration end-date and the creation of a third card payment scheme to compete with Visa and MasterCard.

29 November 2010

EC migration plans would 'derail the entire Sepa project' - EPC

EC migration plans would 'derail the entire Sepa project' - EPC

The EC will "effectively derail the entire Sepa project" if upcoming regulatory intervention on migration end dates does not include deadlines for phasing out national schemes, says the European Payments Council.

01 November 2010

Southern Africa plans Sepa-style payments harmonisation

Southern Africa plans Sepa-style payments harmonisation

A project run by central banks of the 15-member Southern African Development Community aims to complete a pilot project harmonising the payment infrastructures of the four Rand Monetary Area countries within two years.

26 October 2010

Irish banks to move domestic payments to EBA Clearing Step2 platform

Irish banks to move domestic payments to EBA Clearing Step2 platform

The Irish banking community is to move its domestic payments processing to the Euro Banking Association's Step2 platform as part of the nation's preparations for the advent of a Single Euro Payments Area (Sepa).

25 October 2010

ECB calls for mandatory Sepa migration deadline

ECB calls for mandatory Sepa migration deadline

The European Central Bank (ECB) says self-regulation on Sepa has not achieved the expected results and is calling on legislators to now set a mandatory migration timeline.

22 October 2010

EPC and GSMA publish mobile contactless payments white paper

EPC and GSMA publish mobile contactless payments white paper

The European Payments Council (EPC) and global wireless trade group GSMA have published a while paper on mobile contactless payments and the role of 'trusted service managers' (TSMs).

21 October 2010

RBS chooses Experian for global payment validation and IBAN conversion services

RBS chooses Experian for global payment validation and IBAN conversion services

Royal Bank of Scotland (RBS) has selected Experian to provide its corporate customers with global payment validation and data conversion services, enabling them to make Sepa-compliant transactions.

07 October 2010

Visa Europe completes EUR500m processing platform

Visa Europe completes EUR500m processing platform

Visa Europe has completed its migration to a new, EUR500 million, processing platform, giving the firm's member banks a dedicated authorisation, clearing and settlement system for the region.

01 October 2010

EPC explores m-payment and Sepa

EPC explores m-payment and Sepa

The European Payments Council (EPC) has published a white paper on mobile payments and the single euro payments area (Sepa).

06 July 2010

Spanish processors Sermepa and Redes propose merger

Spanish processors Sermepa and Redes propose merger

Spanish card payments network processing operators Sermepa and Redes y Procesos have agreed a merger deal designed to pool resources and compete in a Sepa-based European market.

30 June 2010

Sepa migration deadlines: dates floated but no decision

Sepa migration deadlines: dates floated but no decision

With Sepa-compliant transaction volumes still weak, Harcus Cooper of Barclays is forecasting the introduction of phased end-dates for mandatory conversion to the new EU-wide payment instruments, with credit transfers expected to get the nod in 2013 and direct debits by 2015.

10 June 2010

Sepa Council established to kickstart EU payments convergence

Sepa Council established to kickstart EU payments convergence

The European Commission and European Central bank have hosted the first meeting of the Sepa Council, a new body created to guide the future development of the Single Euro Payments Area project.

07 June 2010

EBAday 2010: Sepa foundations laid - time to get building

EBAday 2010: Sepa foundations laid - time to get building

Hundreds of payments professional from banks across Europe gathered in Luxembourg this week at EBAday to discuss how best to unlock the full potential of the Single Euro Payments Area (Sepa) amid concerns that the financial services industry is being blindsided by tech-led innovations from nimble new entrants.

28 May 2010

EBAday to set the agenda for the European payments industry

EBAday to set the agenda for the European payments industry

An impressive list of board directors, chief financial officers and payments heads from Europe's leading banks have confirmed their participation in the conference programme for the fifth annual EBAday, taking place this year in Luxembourg on 26 and 27 May.

30 April 2010

EPC defends Sepa Direct Debits against consumer fraud allegations

EPC defends Sepa Direct Debits against consumer fraud allegations

The European Payments Council has hit out at accusations by consumer groups that customer protection and security procedures are being undermined by the roll-out of the new Sepa Direct Debits (SDD) scheme.

04 March 2010

Top tier banks unite in support for fifth annual EBAday

Top tier banks unite in support for fifth annual EBAday

Registration has opened for EBAday, the pre-eminent annual event for the European payments industry, with headline sponsorship from four leading global banks - JPMorgan, Deutsche Bank HSBC and ING - plus host sponsor Dexia and local support from Banque et Caisse d'Epargne de l'Etat.

19 February 2010

Europeans pay the price for dominance of cash

Europeans pay the price for dominance of cash

Making payments in cash costs every person in Europe EUR130 a year, according to a study from Retail Banking Research (RBR).

05 February 2010