By Tim Allison
As we move closer to the first Single Euro Payments Area (SEPA) deadline on January 1 2008 there will be an ever-increasing amount of material and commentary on what it means for banks.
“The Single Euro Payments Area is a natural consequence of the introduction of the euro,” says Edith Rigler, Head of Product Market Management, Europe and Programme Director for SEPA at HSBC Bank plc in London.
Several banks that use the products of Beta Systems Software AG have now finalised the concept phase and the handling of SEPA in their core banking systems.
Global Vision is a mid-sized enterprise intelligence corporation, part of a €200 billion industry providing data, hardware and software, and content management solutions to business.
The SEPA project is – in ambition and size – comparable with the changeover to the euro banknotes and coins, although the logistics are quite different.