Sentenial news
Sentenial launches SEPA readiness school
17 December, 2010, London– today Sentenial, a specialist provider of SEPA payment solutions, announced the launch of its SEPA readiness school. The objective of the school, targeted at financial institutions and businesses across the Eurozone, is to help payments professionals to assess the readiness of their organisation for SEPA. The launch of the school closely followed the announcement by the European Commission of a proposed end date for migration to SEPA payment schemes.
The SEPA readiness school consists of a series of on-line workshops that cover the requirements of SEPA as they affect various players along the payments chain. The workshop will provide payments professionals with a framework for understanding what it means to be SEPA-ready. Workshops will also help participants to go through a requirements matrix to understand which type of SEPA solution is right for their business.
The announcement of the end-date has been much awaited in the industry. According to Brian Hanrahan, EVP Sales and Marketing at Sentenial, ‘The proposal for a regulated end-date provides concrete evidence that the European Union (EU) is committed to implementing a true Single Euro Payments Area (SEPA). Regulation is the strongest tool available to the EU; in this case its use is logical and precedents do exist. One only needs to consider the negative impacts if the EU had not previously forced the discontinuation of pre-euro cash (Deutschemark, Franc and Lira notes and coins) once euro cash had been introduced. Imagine the inefficiencies and lost opportunities if it had not been possible for retailers, vending machines, ATM machines etc. to migrate exclusively to euro notes and coins.’
The first course in the series has been scheduled for January 11, 2011. Registration is available from Sentenial’s website.
