donderdag 14 juli 2011

Processed SEPA transactions tripled at Equens since 2010

logo-equensBetween 28 January 2008 and 1 July 2011, Equens processed close to 300 million* Single Euro Payments Area (SEPA) transactions. The vast majority of these transactions were SEPA Credit Transfers (SCTs), while the remainder – close to a quarter of a million – were SEPA Direct Debits (SDDs).

In the first six months of the current year, Equens processed a total of 137 million SEPA transactions. When compared with the same period in 2010 – when Equens processed over 42 million SEPA transactions – this represents a more than threefold increase.

Equens currently processes SEPA transactions for banks and between Clearing & Settlement Mechanisms (CSMs) from fourteen European countries. At present, the majority of SEPA transactions originate from Finland and Belgium. During the first six months of the current year, growth in the number of SEPA transactions was strongest in Germany.

Equens anticipates that a final decision on the end date will be important in accelerating the migration to SEPA payment products. The proposed end dates for SCT and SDD are 1 February 2013 and 1 February 2014 respectively. Equens believes that, based on the current volume of processed SEPA transactions, the transition to a European payment zone is inevitable. This is a good thing, because European banks will be able to benefit from the economies of scale.

* Consisting of SEPA transactions within banks (intrabank) as well as between banks (interbank).


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