Contributor: Luc Belpaire
Much has been said about SEPA (Single European Payments Area), the initiative to harmonizse Euro denominated payments in Europe. So far, SEPA has not been the success that some expected it to be. With SEPA credit transfers now at 20.5% of all credit transfers and SEPA direct debits at a mere .13% of all direct debits (source: European Central Bank, June 2011), there is still a long way to go. Compare this to the initial planning of the European Payments Council which was to have everything migrated by the end of 2010.... read more

