SEPA: Migration is successful!

Significant events in 2014 : customer relationships

2013: Assisting companies in their transition to SEPA standards

In 2013, the banks significatly increased their information and assistance initiatives to prepare for the deadline of 1 February, 2014, the date set by European institutions for the changeover to the SEPA format of all transfer and direct debit transactions in the SEPA area.

2014 : deadline for SEPA migration

The swift adoption of the European regulation setting a date for completion of the migration to SEPA is essential for the mobilisation of all players. In France, the proportion of SEPA instruments is slowly increasing.

Another step forward for the pan-European payments

French banks made available the SEPA direct debit in November 2010. The European Commission is proposing deadlines for the end of migration to SEPA.

French banks are implementing the new payments framework

The transposition of the payment-services directive has ushered in a new legal framework for payments in France.

The national SEPA Committee confirms the commitment of the French community to SEPA and awaits clarifications from the European authorities in order to achieve a swift migration

At its meeting hold on 3 June 2010, the national SEPA Committee analysed the progress of the migration of France to SEPA. As far as the SEPA Credit Transfer (SCT) is concerned, the take-up of public administrations is going on as planned.

French-German cooperation on a common eBanking standard for corporates – A further step towards European standardisation –

The French banking sector, represented by Comité Français d'Organisation et de Normalisation Bancaire (CFONB), together with the German banking industry associations represented in the Zentraler Kreditausschuss (ZKA), have today signed a cooperation agreement on the joint use of a new communication protocol for financial transactions on the internet, marking a further step towards enhancing the corporate-to-bank relationship.