There is a significant change about to happen in the area of euro-denominated electronic payments. An EU regulation set 1 February 2014 as the date by which all users of electronic payments in the Single Euro Payments Area (SEPA).

What do you need to do NOW? To enable your business to prepare for SEPA, you will need to contact your bank and software provider. Your software provider will advise you when their software is upgraded to be SEPA compliant. Your bank will be able to advise you on any actions you need to take to ensure your business is fully SEPA compliant in good time for the 1 February 2014 deadline.The countdown to the 1 February 2014 deadline is NOW ON. 


More information available: HERE