Central Banking

A setback for European payments

Terry Dirienzo, product and marketing director for Experian Payments, a consultancy, bemoans a French suspension of work on the Single Euro Payments Area (Sepa).

Enthusiasm for the Single Euro Payments Area (Sepa) in recent years has noticeably waned and this was particularly apparent in the slow uptake of credit transfers in early 2008. Furthermore, confusion about the timeframes for an end date of legacy payment systems has added to the lack of interest and urgency regarding implementation of

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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