Plea to banks on SEPA benefits

According to Jean-Michel Godeffroy, an executive at the European Central Bank, banks could benefit from the creation of a Single Euro Payments Area, an integrated payments system intended to allow consumers and businesses to make non-cash euro payments as simply and cheaply as domestic transfers. The European Commission would like SEPA to be operational by 2010.

European Commission: DG Internal Market and Services: Free movement of services: Financial Services: Payment services: New legal framework http://ec.europa.eu/comm/internal_market/payments/framework/index_en.htm

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