Important payment industry change within the Eurozone - Update
The European Commission has recently published a proposal to keep the formal migration End Date in the eurozone unchanged (1 Feb 2014) but to allow a transition period of six months to ensure minimal disruption for consumers and businesses until 1 August 2014.
Important payment industry change within the Eurozone
SEPA End Date signals the migration of national Euro Credit Transfers and Direct Debit schemes to a set of common technical requirements, standards and timeframes across the 33 SEPA countries.
Closure of the Cheque Guarantee Card Scheme
The Payments Council closed the scheme on 30 June 2011. Ensure you have alternative arrangements in place if you receive or make payments.
SEPA Direct Debit Scheme
Creating a single, convenient and efficient way for you to accept and make Direct Debit payments in Euros, throughout the 27 European Union countries, plus Iceland, Lichtenstein, Monaco, Norway and Switzerland. Helping you to facilitate and drive business across Europe..