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
Business intelligence and decision making tools - New trends on romanian market
Despite the limits imposed by the computer’s impossibility to perfectly duplicate the human reasoning, the information systems that assist decision making and the business intelligence components are considered nowadays...
LACK OF INFRASTRUCTURE AS A CHALLENGE TO THE ACTUALIZATION OF VISION 2020 IN NIGERIA
The study highlighted the importance of required infrastructures such as energy as a panacea to the realization of the objectives and goals of Vision 2020 in Nigeria. With the dearth of infrastructures, the move towards...
The Involvement of Rural Entrepreneurship In The Regional Development
The aims of the present paper are to emphasize the importance of the rural entrepreneurship involvement in the regional development and to analyse the results of a research regarding the cooperation between the stakehold...
The virtuous circle and the vicious circle in managerial training investment
In parallel with the consolidation of the view that there is a real need to train and improve enterprises’ managerial staff – also in parallel with the increase of expenses incurred by enterprises in this direction, in t...
Management Information Systems in Info-Documentation
All civilizations used knowledge formally and informally in economic growth and in social development. In today's knowledge age intellect and creative, innovative and inventive ideas have been recognized and leveraged t...