The migration of the existing legacy payments infrastructure is a difficult task for both banks and corporates, but good preparation and thorough execution of the migration project will enable corporates to greatly benefit from SEPA.
By February 2014, organisations in the Eurozone will need to have migrated from existing payment instruments to SEPA Credit Transfers (SCT) and SEPA Direct Debits (SDD). Consequently, theoretical discussions must now be transformed into practical projects: the issue is no longer when to migrate to …
How exactly should treasurers and finance managers be focusing their attention during the final few months before the SEPA migration end date in February 2014? The Editor interviews Simon Jones.
With less than six months until the Single Euro Payments Area (SEPA) deadline on 1 February 2014, why are so many corporate treasurers and finance managers reluctant to start their migration projects?
Many treasurers will read another article about SEPA and wonder “why do we need to be told so many times?” The reason is that not everyone has heard, and even fewer have listened.
Given the looming deadline and lack of ‘plan B’ from the regulators, some companies – especially those that operate cross-border or have many operational entities and/or rely on in-house build solutions – may find themselves short of time.
To what extent are companies able to leverage SEPA, and which major areas require attention for a successful SEPA project? The Editor speaks to several experts and corporates in search of an answer.