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TMI 182 - February 2010

Minimising SEPA Migration Risk: a practical approach

Jonathan Williams, Director of Strategic Development, Experian Payments, and Ruth Wandhöfer, Head of Payments Strategy and Market Policy, EMEA Treasury and Trade Solutions, Citi Global Transaction Services

Categories: Payments, SEPA, Technology, Regulatory

With the Single Euro Payments Area (SEPA) now a reality, and momentum building towards a migration deadline, companies should be considering their migration plans seriously. SEPA brings a wide variety of benefits, particularly for companies operating across borders. However, every company that is seeking to maximise payments, collections and cash management efficiency should be considering SEPA migration now to leverage the advantages of payments harmonisation in Europe. Every major change project inevitably presents some challenges. Therefore, to help clients implement SEPA payments and collections as smoothly as possible and take early advantage of SEPA benefits, Citi has formed a strategic alliance with leading payments processing provider, Experian Payments, to provide customers with an innovative SEPA data conversion service based on proven, robust processes and technology.

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