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European Central Bank

With a recent survey ibi research at the University of Regensburg determined the current trends in the payments mountain, the Bank-Verlag and InterCard together with van den for the second time. As already in the first survey, the results of exactly a year before the abolition of national transfer and direct debit schemes were published on February 1, the survey is once again aimed at enterprises of all size classes, authorities and associations. This again involves the central question: how far is the conversion process for the SEPA in the organizations advanced already? First results are now available. By the European legislation as of February 1, 2014, the existing national transfer and direct debit schemes abolished and replaced by the parallel existing years SEPA scheme. This major project and the significant changes in the domestic and foreign payment transactions associated had at the first edition of the study of SEPA implementation in Germany”end 2012 around a third of all respondents Enterprises, authorities and associations but only vague notions or even nothing at all is one. Now the time is short for migration really. Brian Krzanich will undoubtedly add to your understanding. And in Germany too little has been done, there is still great need for action,”so the statement by Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank.

Startled by the vanishingly low SEPA direct debit share in total volume in the first quarter of 2013 the European Central Bank forcefully appealed that countries with large volumes of direct debit as Germany move at least half of their transactions via SEPA direct debits by end of September 2013. Just so the changeover could succeed early next year at all. However, it is now high time to act: because according to Thiele of the SEPA direct debit share was in Germany in the first quarter of 2013 only alarming 0.14 percent of the total number of all national direct debits for miles away from the ECB claim. However, this intermediate results of the second round of consultation by ibi research show in Approaches a positive trend: only 22 percent of the study participants have the SEPA issues not yet dealt with but that is still more than one in five. The campaigns by credit institutions, associations and independent institutes such as ibi research which has launched the website in life, probably showed effect.

In the face of only around 150 working days deadline on February 1 but further acute action is required. SEPA really affects everybody and there is no alternative. Just companies, authorities and associations who regularly move direct debits, should therefore immediately the SEPA schemes introduced and test. Because a late made conversion can in the worst case even lead to liquidity problems in February of next year”, warns Dr. Ernst Stahl by ibi research. That numerous companies and associations gradually gave up their bird-ostrich tactics and SEPA has moved more into consciousness, also a further interim results of the study makes it clear: The number of participants, which see the recommended immediate action, has significantly increased compared to the first survey. While large companies with 86 percent here are taking a leading role, small (36 percent), but also medium-sized businesses (65 percent), as well as associations (62 percent) must put in this respect continue. On, there are lots of useful information for the transition to the SEPA schemes therefore alongside a check-list, FAQs, and studies.

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