ECB and Bundesbank urge speed up of Sepa switchover

The European Central Bank and the German Bundesbank warned in October 2013 that businesses were stalling on updating their payment systems in preparation for the switchover to the new EU-wide transfer and direct debit procedure, the Single Euro Payments Area (SEPA).

• Primary Source

European Central Bank, October 2013: Second SEPA Migration Report http://www.ecb.europa.eu/pub/pdf/other/secondsepamigrationreport201310en.pdf?6c1896c796fdfe826611f0b99537fd31

ESO: Background information: New rules on Payment Services for the benefit of consumers and retailers http://www.europeansources.info/record/press-release-new-rules-on-payment-services-for-the-benefit-of-consumers-and-retailers/

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