TechnologyEU to settle SEPA payments deal

EU to settle SEPA payments deal

EU ministers set to seal Single European Payments System deal today

European Union
ministers are set to finalise the details for the Single European
Payments System today.

‘We will have a compromise on this in council, so we can get
it through on the first reading in (the European) parliament,’ a source told
Irish website
BusinessWorld
.

If the talks go ahead as planned, a directive securing the
SEPA infrastructure could be in place by January 2009.

SEPA
would allow individuals and businesses to use payment cards and make bank
transfers across the EU under the same terms as in their home country.

Further reading:

More upheaval in e-payments

Insight – Don’t Bank On It

Visit SEPA experts Albany
Software

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