Hints and tips:
...As of Thursday, customers could not withdraw or deposit euros or sterling through Faster Payments or Sepa....
...From the outset, Sepa was never entirely comprehensive....
...This year a single European payments area has been introduced in 31 countries and by next year it is intended that direct debit transactions should cost the same across Sepa....
...For example, the Single Euro Payments Area (SEPA), designed to make cross-border banking and payments easier in the euro-zone, is due to come into force in January....
...According to Mr Crowley, the Single European Payments Area, or SEPA, is probably the biggest, involving harmonising payments systems across the 27-member bloc....
...VocaLink’s new service will aim to take advantage of the opportunities created by Sepa by being the first independent pan-European payment service of its kind....
...The regime, known as the Single Euro Payment Area, or Sepa, is intended to be up and running by 2008, and is seen by European policymakers as a cornerstone of their efforts to build a fully-functioning single...
...Sepa is aimed at allowing consumers and businesses to make international payments in euros as simply and cheaply as domestic transfers....
...Visa’s European arm will remain an association owned by its member banks, operating as a licensee of Visa Inc, the proposed publicly listed company....
...One is the creation of a single European payments area (SEPA), where, according to Mr McCreevy, the banking industry is moving forward too slowly....
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