Following the passage of the European regulation setting deadlines for SEPA migration, projects to migrate businesses to pan-European payment methods now have a clear framework. The documentation on what you need to know to embark on such a project is vast and diffuse, so we thought it would be interesting to bring together the most important elements in a practical document.

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This guide, written by Utsit with the support of several banks, aims to support businesses in migrating to SEPA payment methods (pan-European credit transfers and direct debits). It follows European regulatory decisions setting deadlines for the end of national payment methods. The document covers legal rules, stakeholders, technical tools, standardized formats (ISO 20022), and offers practical factsheets to facilitate implementation.

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Summary:

• Fundamentals, actors and roles
• Regulations and migration planning
• SEPA compensation and payment methods
• Business implementations