HAVE SEPA PAYMENT PRODUCTS CUSTOMTAILORED FOR YOU

The SEPA schemes recognize that individual banks and communities of banks will provide complementary services based on the schemes in order to meet further specific customer needs.

DO BUSINESS EVERYWHERE IN SEPA

The existence of a multitude of different national payment systems and formats posed a significant obstacle to the aspirations of companies seeking opportunities in foreign markets. Availability of a standardized payment infrastructure in SEPA opens up new possibilities to expand your business beyond national borders.

TAKE ADVANTAGE OF INNOVATIVE SEPA SCHEMES

The SEPA Credit Transfer Scheme and the SEPA direct Debit Schemes developed by the EPC introduce a variety of innovative features, which will facilitate the streamlining of payment processing at any company, regardless of whether business is being done domestically or cross-border.

DECREASE IT COSTS

The introduction of the UNIFI (ISO 20022) XML message standards – the SEPA data format – allows for rationalization, which in turn will significantly reduce the costs associated today with the maintenance of the different national payment formats and related IT-standards, including system administration.

STREAMLINE THE BACK OFFICE

Uniform settlement periods and exception processes for all European countries will significantly reduce current complexities.

OPTIMISE CASH MANAGEMENT

Companies maintaining accounts in other European countries to handle local payments will be able to centralize such accounts and the associated liquidity. Current differences between domestic and cross-border payments in SEPA will be eliminated.

MAKE PAYMENT FACTORIES WORK FOR YOU

The realization of an integrated euro payments market will boost the trend towards outsourcing payments. SEPA allows the acquisition of significant additional volumes by payment factories which in turn will generate scale and scope advantages.