Central Banking

EC's McCreevy:Time to deliver on SEPA

In the speech 'Time to deliver on SEPA' given on 13 November Charlie McCreevy, the European Commissioner for Internal Market and Services, urged banks to speed up adoption of common standards for customers to make euro payments throughout Europe from a single bank account, credit or debit card.

Without such action, European commissioner for internal markets Charlie McCreevy warned the ambitious project risked missing a January 2008 deadline to begin operating.

"I would hope the industry would take

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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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