New EPC Rulebooks: useful or “the game is not worth the candle”?

The new EPC Rulebooks apply as from 1 November 2010 and from that date on only the new messages are supported. In the SEPA Credit Transfer Scheme Rulebook a new process has been added: the Recall. Due to the introduction the new Recall process two new messages are added (camt.029 and camt.056). The standard messages [...]

PSD – Payment Services Directive

We are now close to the deadline for application of the Payment Services Directive (PSD) by Member States; the deadline is indeed set for 1st November 2009. The new Directive is the regulatory framework to integrate and regulate the establishment of the Single European Payment Area (SEPA). The next step is thus required of the [...]