Searching for the Value Added Services SEPA Creates in Your Corporation
The underlying driver for SEPA (Single European Payments Area) is the political and economic objective of a single European market. SEPA is viewed as a necessary step in this process, helping to overcome the challenges currently associated with making cross border payments within the EU.
The primary challenge is that currently to make a low value electronic payment within most European countries it will cost a few cents (e.g. via a credit transfer or a direct debit). However, the same value payment, in the same currency, between countries costs many euros, and is hundreds of times more expensive.
When it comes to evaluating financial institutions to support corporate payment processing and connectivity options, there are four distinct areas used for evaluation.
This whitepaper is intended to put you on your way to evaluating the various options offered by the financial institutions.