Preview: SEPA IT Congress 06
The development of the New Legal Framework will soon build the legal foundation for a single European payments market, whose legislation will be implemented into the local laws of the 29 European member states involved. From the beginning of 2008, all Euro banks must be able to process, or at least receive, new SEPA (Single Euro Payment Area) credit transfer, debit entry and card payment transaction instruments, with standardised services and prices across the continent.
The SEPA IT Congress, which will run from the 27th to the 30th November 2006 in Frankfurt, Germany, will deal with all the issues and objectives of the SEPA initiative, whose aim is to establish a pan-European market for the safe, efficient processing and settlement of all euro payments, harmonising the handling of monetary transactions across national borders.
The congress will deal with a wide range of topics about the timescale of the SEPA project, implementation of the SEPA direct debit and SEPA credit transfer, standardisation of the card framework, the New Legal Framework and SEPA Data Standard (ISO 20022), SEPA and security, infrastructures of SEPA (PE-ACH, STEP2, TARGET2, EMZ) and also the future implications of SEPA, such as e-invoicing and m-payments.
The chairman of the congress is Andreas Goralczyk of the Bundesverband deutscher Banken. Speakers will be heard from the European Commission, European Banking Federation FBE/EBF, SWIFT (Belgium), SWIFT (Germany), Deutsche Bundesbank, Deutsche Bank AG, Dresdner Bank AG, EBA Group, Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG, ERGO Versicherungsgruppe, Bank of Finland, Voca Limited and SRC Security Research & Consulting GmbH, among others.