Europe's businesses not prepared for looming SEPA deadline

“With the Sepa migration deadline now just a year away, Europe's businesses still have a long way to go, with only 30% of credit transfers and two per cent of direct debits compliant, according to Experian.

Last year lawmakers finally settled on a deadline of February 2014 for the switch to a Sepa (Single euro area payment) system - designed to simplify and streamline processing operations for domestic and international payments - for Eurozone countries.” <<READ MORE>>