SEPA Explained
SEPA Explained
The introduction of SEPA (Single Euro Payments Area) brings about one of the most significant
changes in the European Monetary Union since the introduction of the Euro Currency. All
companies operating within the SEPA region will now have to adapt their payment procedures to
comply with The SEPA Format. SEPA is an initiative by the European Banking Industry to ensure
that both domestic & foreign electronic payments across the entire SEPA zone, use the same
format, resulting in many advantages for companies operating in this region. Customers can now
make cashless Euro payments to anyone in the SEPA zone.
This video series highlights some key features of SEPA.
What is SEPA and what coutries are included?
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What problem is SEPA trying to solve?
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Who are the key stakeholders in the SEPA initiative?
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What is the Payment Services Directive (PSD)?
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Are the benefits from SEPA quantified?
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This will be a big time saver for our business. In addition to the product installed, we appreciate the continued product support afterwards in working through minor issues that cropped up. Thanks again for your help.
Rene Stasiak, AR Controller,Atlas Copco CMT USA - Customer since 2005
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