SEPA and payments industry - challenges concerning standards and operations
Journal Title: Manager Journal - Year 2015, Vol 22, Issue
Abstract
The Single Euro Payments Area is a payment-integration project of the European Union.SEPA is aiming to create an integrated euro payments market and to harmonize the national and crossborder euro payment systems, making cross-border transactions as simple and cheap as national ones. The SEPA regulations is aiming to increase harmonization, through using of common payments formats and computer languages. The goal of using a common standard in the industry in order to facilitate interoperability among systems and infrastructures, will be more and more important. In this view, standardizing messages across institutions and companies has never been more important. The ISO 20022 provides interoperability and consistency to a highly complex industry, thereby reducing the risk of errors and speeding up processes
Authors and Affiliations
Camelia Cojocaru, Silviu Cojocaru
Keywords
Related Articles
- EP ID EP431117
- DOI -
- Views 115
- Downloads 0
The causes and the effects of the inflation
The inflation represents the result of the economical, monetary and socio-political factors seeing through the inter-conditioning and simultaneity of its action having as functions: the elimination (revalorization) of th...
The Bright New Financial System
By the end of 2008, Mr. Paul Volcker gave financiers a devastating critique. “For all its talented participants, for all its rich rewards” he said, the “bright new financial system” has “failed the test of the marketplac...
Human Capital and Organizational Effectiveness
The new organizational changes caused by social, economic and politic reforms led to a shift in the strategic management of the companies. The growing need for professionals, who know how to generate profits, is growing...
Analysis of the Comparative Economic Advantage Case Study - Romanian Economy
For this analysis, the first step is the understanding of the concept of foreign trade and of means through which we can determine if a country is competitive compared to another country or group of countries. This study...
Institutional Communication and Organizational Culture In Romanian Public Administration. A Case Study.
The present study aims to emphasize the extent to which modern management principles are known and applied in the Romanian public institutions. We also aim to identify a system of values that set a pattern of the organiz...