Press Release: Commission launches consultation on possible end-date for Single Euro Payments Area (SEPA) migration

The European Commission launched a consultation on whether and how deadlines should be set for the migration of existing payment products – i.e. credit transfers and direct debits – to the new Single Euro Payments Area (SEPA) products. Feedback from all stakeholders will help the Commission to identify whether there is a need for action in this respect and at which level. Interested parties were invited to send their comments to the Commission by 3 August 2009.