EPC Newsletter Issue 12 - October 2011

27 October 2011

The European Payments Council Newsletter October 2011 edition focuses on the legislative process aimed at establishing mandatory deadlines for migration to the Single Euro Payments Area (SEPA).

The European Payments Council (EPC) appreciates that the European Union (EU) legislator will shortly provide the planning security that is urgently required by all SEPA stakeholders. EPC Chair, Gerard Hartsink, invites the EU lawmakers to align the imminent SEPA Regulation with the preferences of European payment service users, and highlights the EPC’s main concerns on this regulatory act.

Continuing the debate on the most appropriate approach to standardisation and innovation, this edition of the EPC Newsletter offers the academic perspective on the subject. In addition, it details the latest releases of the SEPA Scheme Rulebooks, which will be published in November 2011 and will take effect in November 2012. Readers are also invited to take advantage of the two series featuring tips for billers migrating to the SEPA Direct Debit and case studies on the SEPA implementation experience of bank customers: in this issue the insurance company, UNIQA Group Austria, highlights that ‘SEPA is an excellent and necessary idea’.

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