ACT MarketWatch: SEPA direct debit fee approved
Martin O'Donovan, ACT's Assistant Director, reports on changes to cross-border and domestic debit charges under SEPA.
The European Commission and the European Central Bank (ECB) are keen to encourage the European Payments Council (EPC) and the banking community to move ahead with the launch of pan-European direct debits. The introduction of this high-profile and entirely new element of Single Euro Payment Area (SEPA) schemes is planned for November 2009.
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