ISO 20022 and Centralisation: Going Beyond SEPA Payments in Europe

Date Wednesday, September 25, 2013
Magazine gtnews

Is the single euro payments area (SEPA) composed solely of legal constraints - as some companies may complain? Perhaps not: the ISO 20022 standard, which concerns European payment means such as SEPA credit transfers and direct debits (SCTs/SDDs) and the XML syntax, create an international standard to help corporates better organise their workflow - particularly in terms of payments. By Jérôme Cavaliero, Head of Cash Management France at UniCredit