00:03, 10 July 2008 Page views 434 views

Bankers Have Estimated Impact of SEPA on the Incomes

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A survey spent in February, 2008 by the company-developer of bank software Fundtech (New Jersey, the USA) among 23 major European banks, has shown high level of concern about the influence of the Single European Payment Area (SEPA) on their profitability.

Under SEPA, which came into effect in January 2008, the fee for cross-border bank transactions is required to be the same as for domestic payments.

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