Single Euro Payment Area - SEPA
- Single Euro Payment Area - SEPA
- A system that is designed to create financial efficiency for countries using the euro by providing a unified system in which to perform financial transactions. The SEPA seeks to create a better system for credit transfers, an improved debit system and a cheaper way for individuals and firms to make transactions within member countries or regions.
The European Commission wants the European market to be self sufficient by the year 2010, but banks will begin to implement SEPA in 2008. Up to 29 countries are slated to become a part of SEPA; the goal is to make a unified system in which financial transactions can be performed with reduced transaction costs and greater efficiency.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Single Euro Payments Area — The Single Euro Payments Area (SEPA) initiative for the European financial infrastructure involves the creation of a zone for the euro in which all electronic payments are considered domestic, and where a difference between national and intra… … Wikipedia
Single Euro Payments Area — Ne doit pas être confondu avec Sepa (mythologie). Single Euro Payments Area avec ses 32 membres. Le … Wikipédia en Français
Single Euro Payments Area — Die Artikel EU Überweisung und Einheitlicher Euro Zahlungsverkehrsraum überschneiden sich thematisch. Hilf mit, die Artikel besser voneinander abzugrenzen oder zu vereinigen. Beteilige dich dazu an der Diskussion über diese Überschneidungen.… … Deutsch Wikipedia
Euro Banking Association — The Euro Banking Association is an association consisting of 190 European banks. It serves as a forum for the European payments industry and plays a major role in the development of payment infrastructure solutions at a pan European level.… … Wikipedia
Euro Alliance of Payment Schemes — Die Euro Alliance of Payment Schemes s.c.r.l. (EAPS) wurde am 7. November 2007[1] als Zusammenschluss von sechs europäischen Debitkartenzahlungssystemen gegründet. Inhaltsverzeichnis 1 Zielsetzung 2 Gründungspartner 3 Geschichte … Deutsch Wikipedia
SEPA — Single Euro Payments Area Single Euro Payments Area avec ses 32 membres. SEPA est l’acronyme de Single Euro Payments Area ou espace unique de paiements en euro. Ce projet est né après l’indication politique de la Commission Européenne et de… … Wikipédia en Français
SEPA Card Framework — Single Euro Payments Area Single Euro Payments Area avec ses 32 membres. SEPA est l’acronyme de Single Euro Payments Area ou espace unique de paiements en euro. Ce projet est né après l’indication politique de la Commission Européenne et de… … Wikipédia en Français
SEPA — may refer to: *The School Environment Protection Act in the United States *The Scottish Environment Protection Agency *The Single Euro Payments Area, a new European payment infrastructure for the Eurozone *The Southeastern Power Administration in … Wikipedia
Payment Services Directive — The Payment Services Directive (PSD) is a regulatory initiative from the European Commission (Directorate General Internal Market) which will regulate payment services and payment service providers (as defined in the Directive) throughout the… … Wikipedia
Euro Alliance of Payment Schemes — The Euro Alliance of Payment Schemes (EAPS) is an international alliance of European bank and interbank networks with the aim of creating a pan European debit card system. The Brussels based consortium, formally announced in July of 2007, [ [http … Wikipedia