Thursday February 20, 2020

Central Bank warns small firms on new Sepa rules

The Central Bank has warned that one in three small businesses which receive direct debit payments from customers are not adequately prepared for major new European payments rules that come into force in the coming weeks.

29th December, 2013

The Central Bank has warned that one in three small businesses which receive direct debit payments from customers are not adequately prepared for major new European payments rules that come into force in the coming weeks.

The single euro payments area (Sepa), which comes into force on February 1, will mean significant changes for companies, especially those processing payments via direct debits.

The new rules mean that domestic euro clearing systems across Europe will cease to...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago