Memo: Commissioner Barnier welcomes the European Parliament vote on an additional transition period of 6 months during which non SEPA payments can still be accepted in the Eurozone

On 4 February 2014, the European Parliament adopted the proposal on an additional transition period of 6 months during which non SEPA payments can still be accepted in the Eurozone. The vote allows non SEPA compliant payments to continue until 1 August 2014, in parallel with SEPA compliant payments.

ESO: Background information: Single Euro Payments Area (SEPA): Commission introduces an additional transition period of six months to ensure minimal disruption for consumers and businesses http://www.europeansources.info/record/press-release-single-euro-payments-area-sepa-commission-introduces-an-additional-transition-period-of-six-months-to-ensure-minimal-disruption-for-consumers-and-businesses/

European Parliament: Press Release, 05.02.14: SEPA: why it pays to allow more time for new payment standards http://www.europarl.europa.eu/news/en/news-room/content/20140205STO34921/

---