EU Commission Extends SEPA Deadline
The deadline for banks to stop accepting non-SEPA methods for Direct Debits and Credit Transfers has been extended today by the EU Commission till August 1st 2014, to accommodate those who have not yet made the switch and avoid the chaos that was looming large for many businesses.
Lots of organisations have yet to implement a solution for producing SEPA file for Direct Debits and Credit Transfers despite impending migration dates. It’s still not clear how banks will utilise this additional time. Celtrino encourages businesses to migrate as quickly as possible, so that this additional time allows them to avoid cash flow disasters and not just delay them till August.
For more information on SEPA solution click here
Extract from European Commission Press Release: Continue Reading…
January 9, 2014 in
Announcements, European Commission, SEPA