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This two part EPC Blog series highlights best practice identified by early movers on the demand side handling major payment volumes and who reported on their successfully completed Single Euro Payments Area (SEPA) migration projects in the EPC Newsletter.
Payment service users (PSUs) now working towards achieving compliance with the European Union (EU) 'Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro' (the SEPA Regulation) are invited to take advantage of the advice shared by their peers. The SEPA Regulation effectively mandates migration to SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) in the euro area by 1 February, 2014.
Part II of this blog series focuses on lessons learnt by PSUs who have pioneered SDD implementation. Following the links at the bottom of the original article leads not only to this EPC Blog, but also to a host of additional information supporting market participants now transitioning to SCT and SDD.