Press Release: Single Euro Payments Area : Commission presents actions to make SEPA a success

The European Commission adopted a Communication on Completing SEPA: a Roadmap for 2009-2012 in response to the Communication on 'Driving European recovery'. The Single Euro Payment Area, or SEPA, is an initiative of the European banking and aims at creating an integrated market for electronic payment services in euros, with harmonised sets of business rules and technical standards. With these new European payments, consumers, companies, merchants and public administrations will be able to make payments under the same conditions throughout Europe as easily as within their own country. The Communication provides a framework for action within six priority areas where greater involvement of all relevant actors is required in order to achieve the full implementation of the Single Euro Payments Area (SEPA).

European Commission: MEMO/09/383: Single Euro Payments Area (SEPA) – Frequently Asked Questions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/383&format=HTML&aged=0&language=EN&guiLanguage=en

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