- 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
- Payments
- Our Financial Services Solutions
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Download as PDFWhereas the introduction of the euro has far from created a single European market, the SEPA will do much to accelerate convergence to a single European payments market. By 2010, the way payments are processed will change for good as the banking community seeks to adapt to the creation of the SEPA.
Industry players and the European Commission alike expect the SEPA to stimulate economies by lifting legal, commercial, and technical barriers associated with the myriad of local payments regulations and processes in place today. While it promises substantial benefits for consumers and corporations alike, the SEPA also creates daunting uncertainties about revenues, costs, and the overall business case for individual banks and others directly involved in payments.
In fact, banks will need to undergo significant shifts in their payments strategies
to compensate for the 38% to 62% decline in direct payments revenues that eurozone
banks will face in some parts of the market, according to the World Payments Report 2007 from Capgemini, ABN AMRO and EFMA.
While SEPA compliance is the necessary first step, forward-thinking managers also want to get moving now on the longer term strategic payments issues that the SEPA raises.
Learn more about our approach to SEPA Compliance & Beyond Compliancy
For More Information
To learn more about Capgemini’s payments solutions, please contact us at payments@capgemini.com.
