A new era for European payments
The Single Euro Payments Area (SEPA) is the largest payments initiative ever undertaken in European Union (EU), currently covering the 36 European countries: the 27 EU Member states (incl. several territories belonging to these countries) plus Andorra, Iceland, Monaco, Norway, Liechtenstein, San Marino, Switzerland, the United Kingdom and the Vatican City State.
The initiative is driven by the European Payments Council and the aim of SEPA is to harmonise electronic euro payments in Europe and thereby to enable companies, public authorities and individuals to issue and receive payments within countries of the SEPA zone faster, safer and in a more efficient way. This is achieved upon an agreement on a common set of data (ISO 20022 XML message standard), maximum value days, transparency of charged fees etc.
Volante Technologies And SIA Partner To Boost Instant Payments In Europe
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Volante Technologies And SIA Partner To Boost Instant Payments In Europe - The Agreement Will Allow The Banking And Financial Communities To Directly Access EBA Clearing s RT1 And ECB s TIPS Via Volante s SEPA Instant Payments As A Service And SIAnet s Network Infrastructure
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