Monday November 30, 2020

HR & Payroll: Winds of change in payroll

The new Single Euro Payments Area will have an impact on payroll software, writes Leslie Faughnan.

31st August, 2013
John Rice, SEPA programme manager in the Central Bank of Ireland.

Many businesses have already received letters from their banks to emphasise the importance of Single Euro Payments Area (Sepa) and in some cases giving deadlines for e-banking conformity with the new system, according to our payroll software and services interviewees.

Sepa certainly has some implications for any employer paying money directly into employee bank accounts by credit transfer. But they are straightforward.

In essence, each employee bank account will have a new banking address, replacing...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

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 | 11 months 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 | 5 years ago