Major Findings of the 2007 Report

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• Financial Services
  • Our Financial Services Solutions
    • Payments
      • Payments Solutions
      • 2007 World Payments Report Overview
      • Major Findings of the 2007 Report
      • Europe Needs an “Any Card at Any Terminal Solution”
      • Towards an Open Architecture
      • The Choice of a Payments Strategy
      • The Emergence of Strategic Sourcing in Payments
      • Open Questions: Food for Thought
      • Methodology
      • ABN AMRO Transaction Banking
      • European Financial Management & Marketing Association

With all stakeholders now involved in developing the Single Euro Payments Area (SEPA), the main uncertainties regarding guidelines and rules for making the SEPA a reality have been resolved, ensuring the SEPA’s operational phase will start soon. With the Payments Services Directive (PSD) providing a new, common legal framework for European payments and the publication of a new version of the SEPA Rulebooks for credit transfers and direct debits, the path for SEPA implementation is now clear.

However, several key questions still remain unanswered. When will the eurozone reach a critical mass of SEPA transactions? When will customers (public administrations, corporations, small and medium-sized enterprises) start the migration to the SEPA? What barriers must be overcome to ease migration to SEPA payments? In today’s fast-growing market, do banks benefit from any competitive advantage? Given the new SEPA context, how can banks most effectively combine growth and industrial strategies in the payments business?

• Download the 2007 World Payments Report key findings.