Issues: Single Euro Payments Area (SEPA) – looms large on the Irish horizon
Friday, August 19th, 2011As the EU Commission legislates an end date for National Payment Schemes, John Hand looks at its likely impact on the Irish payments landscape. The European Commission is giving its vision for the creation of an internal market for payment services in euro a final push. This vision expects that the Single Euro Payment Area (SEPA) will provide European citizens and businesses with competitively priced, user-friendly payment services in euro. SEPA is expected to create a market for euro payment services where there is effective competition and there is no difference between the processing...[full story]
