A Brave New SEPA-World

Every article and every conference session on the topic of SEPA will invariably stress the long-term benefits of a common payments area. As awareness of SEPA continues to build and companies look to their own payment operations, corporate treasurers have increasing expectations of a wide range of advantages including greater standardisation, better value and enhanced integration of payment information across systems. These are often expectations for the long term and there is far less certainty and enthusiasm when talking about the short term, with companies and their banks often concerned about the migration path to SEPA, the level of investment required and ultimately the cost of doing business.

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