TITLE

Slow Credit Transfer Migration Could Delay Sepa

AUTHOR(S)
Sandman, John
PUB. DATE
April 2008
SOURCE
Securities Industry News;4/28/2008, Vol. 20 Issue 17, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that credit transfer payment by European banks onto the Single Euro Payment Area (SEPA) system has been slow. SEPA, which is scheduled to be in place by 2010, is intended to harmonize cross-border payment schemes for European countries. National systems are running in parallel with the new infrastructure to ease the process.
ACCESSION #
31905500

 

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