Climbing the SEPA Mountain

by Helen Sanders, Editor

“Today is your day! Your mountain is waiting. So…get on your way.”
Dr Seuss

As we have seen in this month’s Treasurer’s Voice, there remains a large proportion of companies of all sizes that have not yet embarked upon, or completed their SEPA migration. As Gerard Hartsink, outgoing Chairman of the European Payments Council (EPC) emphasised during the interview we publish in this edition of TMI, the setting of a defined end date for national payment schemes is a major milestone in the evolution towards a Single Euro Payments Area. As Karsten Becker, Senior Product Manager, Corporate Receivables, Deutsche Bank comments,

“With end dates now defined, SEPA has come full circle, from political to market to regulatory.”

Corporate treasurers and finance managers can therefore lose no time in progressing their SEPA migration projects. In this article, we feature expert comment from Frank Taal, Global Head, PCM Product Management, ING, Willem Dokkum, Global Head of Sales Payments & Cash Management, ING and Karsten Becker, Deutsche Bank, who share the benefit of their experience of SEPA projects.

A catalyst for change

Karsten Becker, Deutsche Bank notes that a defined end date is perhaps the catalyst that many corporates were seeking,

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