Single Euro Payments Area: Difference between revisions
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imported>Doug Williamson (Update links.) |
imported>Doug Williamson (Add quote. Source: The Treasurer, April 2019, p8.) |
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(SEPA). | (SEPA). | ||
The area within which businesses and individuals can make and receive payments in euro, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location. | The Single Euro Payments Area is the area within which businesses and individuals can make and receive payments in euro, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location. | ||
SEPA | <span style="color:#4B0082">'''''UK PSPs to remain in SEPA'''''</span> | ||
:"Whatever shape Brexit takes, UK payment service providers (PSPs) will continue to take part in the Single Euro Payments Area (SEPA). | |||
:SEPA managing authority the European Payments Council (EPC) announced the decision in March, following an application that trade body UK Finance filed with the EPC late last year." | |||
:''The Treasurer magazine, Cash Management Edition April 2019, p8. | |||
The area covers the European Union Member States plus other countries and territories including Iceland, Norway, Liechtenstein, Switzerland, San Marino and Monaco. | The area covers the European Union Member States plus other countries and territories including Iceland, Norway, Liechtenstein, Switzerland, San Marino and Monaco. | ||
SEPA encompasses the SEPA Credit Transfer, SEPA Direct Debit and SEPA cards frameworks. | |||
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* [[European Union]] | * [[European Union]] | ||
* [[Instant Credit Transfer Scheme]] | * [[Instant Credit Transfer Scheme]] | ||
* [[Payment service provider]] | |||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[PSD2]] | * [[PSD2]] | ||
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* [[SEPA credit transfer]] | * [[SEPA credit transfer]] | ||
* [[SEPA direct debit]] | * [[SEPA direct debit]] | ||
* [[UK Finance]] | |||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 06:37, 14 April 2019
(SEPA).
The Single Euro Payments Area is the area within which businesses and individuals can make and receive payments in euro, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location.
UK PSPs to remain in SEPA
- "Whatever shape Brexit takes, UK payment service providers (PSPs) will continue to take part in the Single Euro Payments Area (SEPA).
- SEPA managing authority the European Payments Council (EPC) announced the decision in March, following an application that trade body UK Finance filed with the EPC late last year."
- The Treasurer magazine, Cash Management Edition April 2019, p8.
The area covers the European Union Member States plus other countries and territories including Iceland, Norway, Liechtenstein, Switzerland, San Marino and Monaco.
SEPA encompasses the SEPA Credit Transfer, SEPA Direct Debit and SEPA cards frameworks.
