By admin on July 22, 2009
In a critical paper on the Sepa Direct Debit scheme the Payment Systems End User Committee (PS-EUC), says businesses have little incentive to switch to the new payments instrument.
Posted in Awareness, Presentations, Recent News | Tagged CEN, European, European Commission, Payment, SEPA
By admin on June 29, 2009
The Netherlands Bankers’ Association (NVB) is preparing for the introduction of the Single Euro Payments Area (Sepa) with the introduction of a new nationwide Iban (International Bank Account Number) and BIC (Bank Identifier Code) look-up service for all Dutch citizens and corporates.
The introduction of the new tool is expected to speed compliance with Sepa by [...]
Posted in Awareness, Publications | Tagged bank, EDI, European, Payment, SEPA
By FDE on May 20, 2009
Gianfranco Tabasso, a member of the EC’s experts group on e-invoicing and co-ordinator of CAST, stresses the importance of working capital management improvement programmes and its relationship with e-invoicing, and the automation of the financial supply chain (FSC).
When times are hard liquidity becomes the top priority for companies. Unfortunately, the current crisis in the capital [...]
Posted in Electronic Invoicing, Members and Partners, Publications | Tagged authenticity, best practice, CEN, e-invoicing, EEI Platform, Expert Group, integrity, interoperability, savings, SEPA, VAT
By admin on March 3, 2009
E-invoicing has not taken off as fast as its proponents might have hoped, but the economic climate might give their efforts new impetus.
The European Commission estimates that the potential cost savings of e-invoicing in the business-to-business sector will be €238 billion. The European Association for Corporate Treasurers puts the figure at €243 billion. According to [...]
Posted in Awareness, Publications | Tagged adoption, CEN, digital signature, e-invoicing, ERP, European Commission, Expert Group, interoperability, savings, SEPA, UBL, VAT
By admin on February 19, 2009
E-invoicing is often linked to SEPA, the Single Euro Payment Area. SEPA should become the area in the European Union where citizens, companies and other economic actors will be able to make and receive payments in euro. This should happen under the same basic conditions, rights and obligations, regardless their location and regardless whether it [...]
Posted in Awareness, Featured Articles | Tagged cross border e-invoicing, e-invoicing, European, European Commission, SEPA
By admin on January 19, 2009
The Dutch banks have composed a standard message for the customer initiation of a European bank transfer. This allows business and IT customers and / or ERP providers to a set up a generic and correct SCT UNIFI / XML message supported by the Dutch banks.
Read the ‘SEPA Credit Transfer XML customer-to-bank Implementation Guidelines for the [...]
Posted in Recent News | Tagged bank, ERP, Europe, guidelines, SEPA, standard
By admin on January 13, 2009
The European Commission is to create a Payment Systems Market Expert Group (PSMEG). The group will be composed of experts competent in the area of payments. It will aim to gain inputs on payment issues, including fraud prevention, from a range of stakeholders, in particular the payment industry and users. Interested candidates are invited to [...]
Posted in Awareness, Definitions and Models, Recent News | Tagged European, European Commission, Expert Group, initiative, Payment, SEPA, VAT
By admin on December 10, 2008
One of Austria’s leading retail banks, BAWAG, is taking part in a Single Euro Payments Area (SEPA) Direct Debit (DD) pilot, scheme operated by the payments specialist VocaLink.
The bank will benefit from a broad range of services, prior to the launch of SEPA DD payments in November 2009, including a payments capture process which removes [...]
Posted in Awareness, Recent News | Tagged bank, e-invoicing europe, initiative, Payment, SEPA
By admin on December 2, 2008
French banks have suspended the launch of new pan-European payment services due to confusion over tariffs in the latest setback for a key EU project to improve consumer choice and boost growth.
The European Union has plans for a single euro payments system or SEPA to give its 495 million consumers cheap payments of bills and [...]
Posted in Awareness, Recent News | Tagged bank, CEN, EDI, European, European Commission, Payment, SEPA, standard
By admin on November 27, 2008
In the sixth progress report on the Single Euro Payments Area (SEPA), published this week, the Governing Council of the ECB welcomed the evident progress made on this project, but emphasised that work urgently remains to be done to ensure the success of SEPA. The sixth progress report also contains a list of “Ten milestones [...]
Posted in Awareness, Publications, Recent News | Tagged administration, adoption, bank, CEN, e-invoicing, EDI, European, initiative, interoperability, Payment, SEPA, standard, standardisation, UBL, VAT
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