This edition focuses on information supporting, in particular, payment service users in the euro area to get ready for the Single Euro Payments Area (SEPA) by 1 February, 2014 - as effectively mandated by the SEPA Regulation which was recently adopted by the EU legislator.
The case studies featured in the EPC Newsletter highlight the lessons learnt by businesses and public entities which have successfully completed the transition to SEPA. In this issue, EPC reports on the migration experience of the global ceramics manufacturing company Villeroy & Boch. This SEPA pioneer completed migration to SEPA Credit Transfer (SCT) in 2008 and migrated to SEPA Direct Debit (SDD) in 2011. Project managers who have already concluded the migration exercise unanimously recommend that organisations, which still have to adapt systems and operations to the SEPA payment schemes and technical standards, become active immediately.
This edition also takes forward the innovation in payments debate. In January 2012, the European Commission published its Green Paper ‘Towards an integrated European market for card, internet and mobile payments’ for consultation. Gerard Hartsink, Chair of the European Payments Council (EPC), delivers the EPC response to this Green Paper.
Considering that further EU action impacting the payments market is likely to be proposed, the EPC's commentator suggests taking a closer look at best practice established by innovation leaders such as Apple and Facebook. This might support the authorities in assessing future market needs accurately.
Last but not least, all stakeholders are encouraged to make their voices heard in the 2012 SEPA Scheme change management cycle. Proposed amendments to the SCT and SDD Schemes are subject to a three-month public consultation. The 2012 public consultation will be launched in May.
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