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Welcome to the News View for "SEPA".

Here, on these archive pages, you'll find all of the articles on Payments News for SEPA listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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March 14, 2014

Headline News from - March 14, 2014

On the Web:

  • Accidental disruption: Max Levchin discusses how close PayPal was to never existing at all! - PandoDaily - "It’s often said that it’s better to be lucky than good. Fortunately for PayPal, Levchin, Thiel, and the company’s other early execs were both lucky and good."
  • Consumers Not Powerless in the Face of Card Fraud - New York Times - "The United States is such a fraud-friendly country in part because we still use old-fashioned magnetic stripes on the back of our cards. This makes it relatively easy for thieves to make counterfeit ones."
  • Xapo Raises $20 Million To Bury Your Bitcoin Underground - TechCrunch - "The wallet, said Wences, works like a checking account while the vault works like a savings account. They have no intention of ever becoming an exchange."
  • Wearing Apple - (Craig Hockenberry) - "But the biggest feature of all would be that this wearable device could support iBeacon."
  • China Suspends Two Forms of Smartphone Payments - Wall St. Journal - "A People's Bank of China official who declined to be named said the bank issued a directive Thursday ordering the suspension of online payments using QR codes and virtual credit cards in smartphone payment systems."
  • Introducing Myself - Bitcoin Foundation (Jim Harper, Global Policy Counsel) - "To that end—prioritizing—I have already begun a study of the risks that Bitcoin faces and their severity, how to address them and, when possible, how to measure success or failure."
  • Buffett: ‘Stay Away’ From Bitcoin - Wall St. Journal MoneyBeat - He called it “a very effective way” of transmitting money, but said that “a check is a way of transmitting money, too.”

On the Wires:

Updates from Glenbrook:

January 13, 2014

Headline News from - January 13, 2014

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January 09, 2014

Headline News from - January 9, 2014

Next Glenbrook Payments Boot Camps: Feb 4-5 in Palo Alto, CA; March 18-19 in New York City. Alternatively, you can request a private Payments Workshop held on-site at your location.

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January 07, 2014

Headline News from - January 7, 2014

Next Glenbrook Payments Boot Camps: Feb 4-5 in Palo Alto, CA; March 18-19 in New York City. Alternatively, you can request a private Payments Workshop held on-site at your location.

On the Web:

  • Explain Bitcoin Like I’m Five - Medium (nikSter) - "We didn’t need a third person there to help us make the transfer. We didn’t need to pull in Uncle Tommy (who’s a famous judge) to sit with us on the bench and confirm that the apple went from me to you."
  • Bitcoin Series 15 - The discontinuity that is bitcoin - Ledra Capital - "Bitcoin is like that. It won't replace the financial system, the Fed or the nation-state. It will supplement the financial system in a big and important way, push it to be more innovative and efficient and, finally, will merge with it, in the same way that IP delivery has crept into telephony and video infrastructure over time."
  • German Central Bank Official Issues Another Bitcoin Warning - CoinDesk - "He stressed that regulators and central bankers across Europe are discussing bitcoin and trying to raise public awareness, but so far no concrete action has been taken, apart from public warnings."
  • Bitcoin me: How to make your own digital currency - Guardian - "It turns out, though, that cloning bitcoin is actually harder than it looks."
  • Bezos-backed money transfer startup Remitly lands $5.5M - GeekWire - "A TechStars Seattle grad formerly known as BeamIt Mobile, Remitly has created a cheaper and faster method for individuals to send money across borders."
  • 8 Retail Predictions in “Store” for 2014 - VeriFone Blog - "As it is the start of the year we thought we would have a look at some of the issues that will be impacting retail stores in 2014 and try and predict some of the trends and challenges we’ll see along the way as retailers respond."

On the Wires:

Updates from Glenbrook:

March 13, 2012

March 23, 2011

February 01, 2011

EPC Newsletter Issue 9 - January 2011

EpcThe January 2011 EPC Newsletter, from the European Payments Council, features a number of articles on Single Euro Payments Area (SEPA) migration. Articles include a preliminary assessment of the "proposal for a Regulation establishing technical requirements for credit transfers and direct debits in euros" and a best-in-class case study of SEPA migration in the Netherlands.

November 18, 2010

November 01, 2010

European Payments Council Marks Progress Towards SEPA And Calls On EU Lawmakers To Set Regulatory Migration Dates

sepa_logo_140px.pngThe European Payments Council (EPC) has announced updated and enhanced versions of the SEPA Credit Transfer (SCT) Scheme Rulebook and the SEPA Direct Debit (SDD) Scheme Rulebooks. November 1, 2010 marks an important target date for SEPA, as all banks in the euro area are now reachable for cross-border SEPA direct debits. READ MORE »

October 22, 2010

SEPA - Beyond Theory Into Practice

sepa_logo_140px.pngThe European Central Bank has published the seventh in a series of progress reports on the Single Euro Payments Area (SEPA) (PDF). The bank reports in on progress over the last two years and provides guidance on the way forward in multiple areas -- SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD), Cards, eSEPA (online payments), security, infrastructure, migration, and governance of retail payments and cash services.

September 13, 2010

Logica Enables Banks to Deliver Cost Effective SEPA Direct Debit Mandate Management

Logica_logo_140px.pngLogica has announced a new solution that enables banks in the eurozone to deliver mandate management services for SEPA Direct Debit (SDD) payments to their corporate clients. Based on the flagship Logica All Payments Solution (LAPS), Logica Mandate Management provides the first single platform for both creditor and debtor mandates – saving costs and reducing time to market for banks.

October 30, 2009

New European SEPA DIrect Debit Schemes Launch Nov 2

On November 2, the European Payments Council (EPC) launches the SEPA Core Direct Debit Scheme and the SEPA Business to Business Direct Debit Scheme. The SEPA Direct Debit (SDD) Schemes enable bank customers – for the first time ever - to make and receive direct debits within and across 32 European countries collectively known as the Single Euro Payments Area (SEPA). READ MORE »

October 13, 2009

European Payments Council Launches SEPA Direct Debit Schemes

The European Payments Council (EPC), the coordination and decision-making body of the European banking industry in relation to payments, has announced that the SEPA Core Direct Debit Scheme and the SEPA Business to Business Direct Debit Scheme will launch on 2 November 2009. READ MORE »

May 20, 2009

JP Morgan Introduces ISO 20022 Payment, Reporting Capabilities

J.P. Morgan’s Treasury Services business has announced it is offering ISO 20022 payment initiation and reporting capabilities. ISO 20022 is the core message standard for SEPA and represents the next generation of SWIFT message formatting. J.P. Morgan says it is one of the first to adopt this new messaging standard format that allows clients to integrate core treasury, payable and receivable applications with banking and other financial partners. READ MORE »

January 06, 2009

CSC, Sentenial Strategic Alliance for SEPA Direct Debit

CSC has announced that it has formed an alliance with direct debit solution provider Sentenial to offer a Single Euro Payments Area (SEPA) direct debit software-based payment solution. According to CSC, "the offering will enable European banks to provide corporate and public sector customers with a comprehensive SEPA direct debit service ahead of the November 2009 target date set by the European Payments Council. SEPA is an initiative of the European banking industry that aims to make cross-border electronic payments as fast, secure and efficient as domestic payments within one country." READ MORE »

December 04, 2008

EUFISERV ATM Scheme Says It's Ready for SEPA

EUFISERV Payments has announced that the EUFISERV ATM Scheme is fully separated from its former processing business, in line with the SEPA requirements of the European Central Bank and the European Commission. READ MORE »

May 21, 2008

First Data, EUFISERV Partner for European Processing Expansion

First Data Corp. has announced that it has signed an agreement with EUFISERV and its fifteen shareholders (including twelve European banks and banking organizations) to expand and develop the European inter-bank processing network managed by EUFISERV. The two companies said that "connecting the existing networks of EUFISERV and First Data will create the opportunity for customers to access more than 74,000 ATMs, 1.5 million POS merchants and to reach more than 165 million debit and credit card accounts in Europe." READ MORE »

May 20, 2008

Accenture's Payments Innovation Showcase

Accenture has announced that it has opened a new facility at its research and development technology lab in Sophia Antipolis, France, dedicated to innovation in the rapidly growing global payments industry. The facility, called the Accenture Payments Innovation Showcase, focuses on original research and development in all facets of the payments business, including mobile communications and other point-of-sale technology, bank-to-corporate connectivity, processing, process models, biometrics, regulation such as the Single Euro Payments Area (SEPA) initiative, and security. READ MORE »

April 24, 2008

Digital Money Forum - Day 2 Morning Session

We're back at the Digital Money Forum in London for the day 2 agenda. This morning's topics are focused primarily on European payments issues - SEPA in particular in presentations by Charles Bryan and John Chaplin.

Aneace has done a great job on blogging the two SEPA sessions this morning. In particular, I enjoyed John Chaplin's eight SEPA predictions - along with the two "jokers" that could change everything.

WebMoney also presented on their ecommerce payment system based in Moscow. Colin blogs about WebMoney here.

March 11, 2008

More Debit Card Use at POS, Declining Usage at ATMs

At its 7th Annual Debit Conference, MasterCard Europe has announced what it calls "the emergence of a series of significant cross-border purchasing trends in Europe coinciding with the official launch of the Single Euro(pean) Payments Area (SEPA)."


February 06, 2008

SEPA in the Real World

Dave Bircb blogs about his experience trying to originate a SEPA Credit Transfer (SCT) to from his bank in the UK to a colleague's bank in the Netherlands. "So, in summary, sending 50 euros to Amsterdam in the exciting new world of SEPA took two trips to the bank, cost £15 (ie, a transaction fee of 40%) and took three days. Next time, I'll use PayPal."

January 28, 2008

Single Euro Payments Area (SEPA) Credit Transfer Scheme Now Live

According to APACS, "from today (28 January) the new SEPA Credit Transfer (SCT) Scheme will enable euro credit transfers to be made within a maximum of three days, and without any deductions from the principal amount. The customers who will benefit most are those larger businesses for whom it will make cross-border trade easier, and UK consumers who make regular euro payments because they may, for example, maintain properties abroad."


September 18, 2007

Business Method Patents for U.S. Financial Services

The Federal Reserve Bank of Philadelphia has published two working papers related to patents and financial services. The first is titled "Business Method Patents for U.S. Financial Services" (PDF) by Robert M. Hunt and the second is titled "Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single European Payments Area" (PDF) by Robert M. Hunt, Samuli Simojoki, and Tuomas Takalo.

September 06, 2007

Competition for Debit in Europe Post-SEPA

On his blog, Aneace Haddad has posted a presentation he's titled "Making MasterCard's Maestro the preferred debit brand in post-SEPA Europe" in which he discusses the features he thinks any debit product needs to create value for merchants. Aneace's is experimenting with using SlideShow's voice annotated presentation engine for this presentation.

August 22, 2007

The Economic Impact of the Single Euro Payments Area

In its Occasional Papers series, the European Central Bank has published a paper titled "The Economic Impact of the Single Euro Payments Area" (PDF) by Heiko Schmiedel. From the abstract: "...banks are expected to face downward pressure on their revenues as competition will increase across borders and as a result of new market entrants."

July 20, 2007

SEPA - From Concept to Reality

The European Central Bank has published the fifth in a series of progress reports on the Single Euro Payments Area (SEPA) (PDF). In particular, the bank has called on the banking industry to set up a rival debit card scheme to challenge the dominance of Maestro in the EU - saying "such a scheme would stimulate competition and would ensure the close involvement of European banks in the governance of the scheme. ... Any additional European debit card scheme should operate under EU law and should, accordingly, process personal data in line with EU data protection laws."

July 02, 2007

Pan-European Clearing Service VocaLink Launched

Voca and LINK have completed their merger and announced the launch of "Europe’s first independent pan-European payment service in partnership with 10 banks from across Europe."


June 04, 2007

MasterCard Europe Extends Timetable re: Maestro SEPA Fallback Interchange Rates

MasterCard Europe has announced that it will delay the introduction of Single Euro Payments Area (SEPA) fallback interchange rates for Maestro point-of-sale (POS) euro transactions, citing continued lack of clarity from competition authorities over interchange fees and opposition from some merchant associations.


May 29, 2007

SEPA and Interchange Fees

Aneace Haddad of Welcome Real-time blogs about a potential unintended consequence of SEPA - that the elimination of national debit card monopolies could lead to a spiraling up of interchange fees as brands compete for issuance by banks. Haddad says "now that banks finally have a choice, it will be irresistible for them to choose the brand that offers the highest interchange. The old European national debit brands have never had to deal with this before."

January 15, 2007

Visa Europe Says Interchange Changes Could Impact SEPA

Reuters is reporting on comments made by Visa Europe president and CEO Peter Ayliffe to the effect that any fundamental changes to the current credit card interchange fee structure in Europe (currently under consideration by the European Commission's competition commissioner) could put SEPA at risk.

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