What is the Single Euro Payments Area (SEPA)?
The Single Euro Payments Area (SEPA) stands for an EU payments integration initiative and consists of 28 EU Member States plus 3 EEA Countries and also includes Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino via EU agreements.
Both the SEPA ‘Core’ and ‘B2B’ Direct Debit Schemes are already mandatory in Euro domicile countries replacing existing legacy Direct Debit Schemes bar some exceptions in those regions, with the deadline for Non-Euro countries coming up soon October 2016.
SEPA holds vast opportunities and benefits for Creditors working with European customers and collecting payments in euros representing a single market of over 11,000B€, with 4,000+ participating banks and 210M+ households.
SEPA Direct Debit Training
Our SEPA Direct Debit Training assists any organisation considering or making collections in euro’s. We are helping organisations improve their understanding on SEPA, providing best practice and ideas to ensure they can take full advantage of the SEPA Direct Debit (SDD) opportunity. If seeking compliance, greater efficiencies in your SDD process and more customers, then our training can help!
See more information on our SEPA Direct Debit Training