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Payment methods evolve thanks to technology

Payment methods evolve thanks to technology 10/03/2014

Private businesses and public institutions are increasingly tending towards electronic payment solutions, which speed up transactions and lower economic costs.

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Adaptation to SEPA schema extended until 1 August

Adaptation to SEPA schema extended until 1 August 13/02/2014

On 1 February, the SEPA (Single Euro Payments Area) officially came into force, although the European Commission has proposed an additional period of 6 months to complete the transition, until 1 August.

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SEPA standard limits debit item to 140 characters

SEPA standard limits debit item to 140 characters 30/01/2014

The new SEPA regulation coming into force on February 1 2014 brings with it a series of new obligations that will affect thousands of businesses all over Europe. One of the highlights is the new 140-character limit for additional information on items such as bank debits and transfers.

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SEPA standard requires consent for standing orders

SEPA standard requires consent for standing orders 24/01/2014

As of 1 February 2014, companies that charge for their services by standing order must meet the requirements concerning collection and safekeeping of the authorization stipulated in the SEPA regulations.

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SEPA: Keys to the single payment area

SEPA: Keys to the single payment area 19/12/2013

The deadline for migration to this new scheme runs out on February 1, 2014, although due to the changes involved, until last October only 6% of European businesses had adapted to the SEPA criteria

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