SEPA BANKS & SOFTWARE'S
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Payment Service Directive Endangers Direct Debits

Payment Service Directive Endangers Direct Debits | SEPA BANKS & SOFTWARE'S | Scoop.it
Banks and treasurers have criticised the PSD2 draft for changes to direct debit refund rights, as well as its impact on payment factories. (With #SEPA largely resolved, focus shifts to PSD 2. Banks and treasurers worry about direct debits.
François Lemaire's insight:

Although I do not fully agree with the conclusions, this articles is a good starting point for discussions about the next EU regulatory topic: PSD2.

 

The 8-week unconditional refund right being one of the most criticized innovation introduced by SEPA Direct Debit, it seems logical that the regulator aims to limit its impact. Asking banks to filter refund requests from consumers before addressing them to the creditor is certainly not endangering the reliability of big billers processes.

 

Regarding the other topic raised - the role of payment factories and on-behalf payments - it is maybe not so negative to surround them with a legal template that could help corporations to isolate this specific activity inside their organizations and mitigate risks, among other "anyone paying or being payed for anyone".

 

Just a start for a discussion of a few months or years.

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Accounts Receivable Manager for SEPA

Accounts Receivable Manager for SEPA, a corporate cash management solution that streamlines and simplifies the complexities of accounts receivable reconcilia...
François Lemaire's insight:

A example of a new bank service within SEPA

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Deutsche Bank launches Accounts Receivable Manager for SEPA ...

Deutsche Bank launches Accounts Receivable Manager for SEPA ... | SEPA BANKS & SOFTWARE'S | Scoop.it
Deutsche-Bank Deutsche Bank announced today the launch of Accounts Receivable Manager (ARM) for SEPA, a corporate cash management solution designed to help global organisations streamline and simplify the ...
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KBC Bank selects Sentenial SEPA solutions for business clients » Banking Technology

KBC Bank selects Sentenial SEPA solutions for business clients » Banking Technology | SEPA BANKS & SOFTWARE'S | Scoop.it
François Lemaire's insight:

This could be a quick win for migrating to SEPA Direct Debit.

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Single Euro Payments Area : SEPA

Single Euro Payments Area : SEPA | SEPA BANKS & SOFTWARE'S | Scoop.it
Citi,financial services,cash management,global transaction services,capital market,citidirect,private banking,corporate banking,fund services,private equity,securities services (RT @CitiGTS: #SEPA Migration Check List - 40 weeks to go: do I need to...
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Belgium's ambition to be the payments capital of Europe

Belgium's ambition to be the payments capital of Europe | SEPA BANKS & SOFTWARE'S | Scoop.it
By being a frontrunner in SEPA, we want to attract organisations to centralise their cash management in Belgium.” On a scale of 1 to 5, how would you rate the implementation pace in Belgium (1 = worrying, 2 = slow but we will get there, 3 = could...
François Lemaire's insight:

"Most small and medium sized companies in Belgium tend to rely on their Enterprise Resource Planning (ERP) software providers to facilitate the migration." 

On the bank side, aligning all electronic channels to SEPA intreface has still to be achieved.

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How banks adopt to the rapid pace of technological change

How banks adopt to the rapid pace of technological change | SEPA BANKS & SOFTWARE'S | Scoop.it
How banks adopt to the rapid pace of technological change
François Lemaire's insight:
Multi mobile channels sounds great
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Corporate Payments, SWIFT, BACS, Direct Debits | AccessPay

Corporate Payments, SWIFT, BACS, Direct Debits | AccessPay | SEPA BANKS & SOFTWARE'S | Scoop.it
AccessPay is a BACS approved software supplier providing a cloud based payment solution for all types of businesses. Please Call 0845 111 0563
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The Financial Services Club's Blog: Does SEPA matter and is it happening?

The Financial Services Club's Blog: Does SEPA matter and is it happening? | SEPA BANKS & SOFTWARE'S | Scoop.it
We had our annual debate about SEPA for the fourth year running the other day.
François Lemaire's insight:

SEPA is still a matter for debating in some places

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Deutsche Bank's Dieter Stynen speaks to EuroTreasurer about ...

Deutsche Bank's Dieter Stynen speaks to EuroTreasurer about ... | SEPA BANKS & SOFTWARE'S | Scoop.it
With the end-date for SEPA migration fast approaching, Dieter Stynen, Deutsche Bank's head of cash management corporates, western Europe and GTB Belgium, analyses corporates' most significant “pain-point” – that of ...
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Making SEPA Simpler — From Migration to Optimisation | Bank of America Merrill Lynch

By 1 February 2014 your company must be ready to meet the requirements of the new Single Euro Payments Area (SEPA). Those who do not comply wont be able to make or receive local euro payments after this date.
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single-euro-payments-area-sepa » Crédit Agricole CIB

Crédit Agricole CIB et le Groupe Crédit Agricole ont été les premiers à mettre en ouvre le projet SEPA (Single Euro Payments Area) afin de faire profiter leurs principaux clients des avantages significatifs qui en découleront.
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Single Euro Payments Area - SEPA

HSBC can be your payment services provider in Europe with the Single Euro Payments Area or SEPA.
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Cash Management - Societe Generale

We stand by you every step of the way in your cash management plans, in France and all over the world.
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CIC » SEPA : Un guide pour réussir votre migration

CIC » SEPA : Un guide pour réussir votre migration | SEPA BANKS & SOFTWARE'S | Scoop.it
Le 1er février 2014 est la date butoir fixée par les instances européennes à partir de laquelle tous les acteurs (banques, entreprises, professionnels, particuliers…) devront abandonner les actuels virements et prélèvements nationaux et les...
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