Wednesday, December 29, 2010
Tuesday, December 28, 2010
Sudden Cough And Congestion
SEPA migration: end of our good old national credit transfers and direct debits
Guest post / Analysis of The draft regulation by Catherine Gondelmann Bredin - SEPA expert
* The European Commission
Proposed last December 16th, the text of its regulation project on the end dates of national credit transfers and direct debits.
After awaiting the release of this regulation project, we will now await the date of its entry into force!
This text is at an early stage of discussion. It must be ratified by the European Parliament and the Council under the Hungarian presidency next term beginning in January 2011 or in that of Poland or even Denmark's if it lasts more than a year. It means the regulation can still change due to amendments these two bodies would ask.
The end dates are therefore still uncertain and we can only make assumptions about the timing of the adoption of the final text.
So which assumptions can be made for this entry into force date: December 2011 (fairly realistic) or June 2012?
The regulation defines, in Article 5 the following dates at the latest:
. 12 months after the entry into force of the regulation for the ending of national credit transfers (CT) i.e. according to our assumptions between late 2012 and mid 2013,
.24 months after the entry into force of the regulation for the ending of national direct debits (DD) i.e. according to our assumptions between late 2013 and mid 2014.
Which are the concerned payment services?
These dates apply to all existing credit transfer and direct debit services in Euros.
However the services for which the number of transactions is smaller than 10% of similar payments volume could wait some time, depending on the choice of the member states for them to become SEPA compliant (according to Article 7 - Waiver). In France for instance, 12 months could be added to the national direct debits end date for the TIP (Titre Interbancaire de Paiement) which in 2009 represented just 4.5% of the DD volume. The TIP could then disappear in 2014-2015 in favor of a SEPA compliant DD service yet to be defined.
Technical interoperability to force migration to the SEPA Direct Debit (SDD) and SEPA Credit Transfer (SCT)
Does the ending of national payment services involve the migration to SEPA payment instruments (SCT and SDD) or can other European payment schemes arise?
This alternative which has been much debated should receive a response through Article 4 of the Regulation regarding interoperability. By imposing the same rules for both national and cross-border credit transfers or direct debits as well as a mandatory participation of the majority of the member states PSP - Payment Service Providers - (banks, payment institutions ....), the European Commission appears to have imposed without naming them the SEPA instruments (SCT and SDD) defined by EPC, the European Payments Council.
The European Commission has also imposed technical requirements sorts of functional specifications partly based on the EPC "Rule Books". Among these requirements is the use of the ISO 20022 XML messages standard for the batches exchanged between the PSP and their clients.
Impacts for companies
Companies but also governments, associations, public authorities ... should not only respect the deadlines for migration to SCT and SDD but also do so by adopting the ISO 20022 XML SEPA standard for their file transfers with their banks. Migration scenarios should therefore be thought twice, for example by making a choice between a short term migration scenario to SEPA payment instruments but without immediate change of format (use of conversion tools offered by banks) versus a longer term migration scenario adopting new rules and standards at the same time.
Impacts for banks and other PSP
The impact of this regulation for the PSP is undoubtedly the loss of interchange fee per direct debit transaction when existing. However, one possibility is left opened: the so called "R" transactions such as Reject, Return ... could be billable between PSP under certain conditions.
An obligation is also made to the issuing party (PSP) to ensure the receiving Party (PSP) bank detail BIC (Business Identifier Code) is correct. And finally this project regulation introduces for the PSP the obligation to be reachable for SCT.
Impacts for consumers
SEPA migration should be as transparent as possible for consumers; the most difficult will be for them to provide bank details in the international format IBAN (International Bank Account Number) even for national transactions. For example, the new SEPA Direct Debit mandate form must be filled with the debtor IBAN and BIC. Although present on their bank documents for many years, these details are not familiar to them.
An evolutionary regulation
The new regulation will revise the current (EC) No 924/2009 coming from Regulation (EC) No 2560/2001. Integrating technical requirements this Regulation will certainly have to evolve under the operation of SEPA.
The European Commission will use all legal tools at its disposal to achieve the development of SEPA, including the use of "Delegated Acts" as defined in Article 290 of the Treaty of Rome: A legislative act may delegate to the Commission the authority to adopt non-legislative acts of general application to supplement or amend certain non-essential elements of the legislative act.
Would SEPA finally be on track?
* EXPLAIN: consulting and training for SEPA payment services
Catherine Gondelmann Bredin
EXPLAIN
+33 6 77 74 66 07
explain@orange.fr
www.explain.fr 
Guest post / Analysis of The draft regulation by Catherine Gondelmann Bredin - SEPA expert
* The European Commission
Proposed last December 16th, the text of its regulation project on the end dates of national credit transfers and direct debits.
After awaiting the release of this regulation project, we will now await the date of its entry into force!
This text is at an early stage of discussion. It must be ratified by the European Parliament and the Council under the Hungarian presidency next term beginning in January 2011 or in that of Poland or even Denmark's if it lasts more than a year. It means the regulation can still change due to amendments these two bodies would ask.
The end dates are therefore still uncertain and we can only make assumptions about the timing of the adoption of the final text.
So which assumptions can be made for this entry into force date: December 2011 (fairly realistic) or June 2012?
The regulation defines, in Article 5 the following dates at the latest:
. 12 months after the entry into force of the regulation for the ending of national credit transfers (CT) i.e. according to our assumptions between late 2012 and mid 2013,
.24 months after the entry into force of the regulation for the ending of national direct debits (DD) i.e. according to our assumptions between late 2013 and mid 2014.
Which are the concerned payment services?
These dates apply to all existing credit transfer and direct debit services in Euros.
However the services for which the number of transactions is smaller than 10% of similar payments volume could wait some time, depending on the choice of the member states for them to become SEPA compliant (according to Article 7 - Waiver). In France for instance, 12 months could be added to the national direct debits end date for the TIP (Titre Interbancaire de Paiement) which in 2009 represented just 4.5% of the DD volume. The TIP could then disappear in 2014-2015 in favor of a SEPA compliant DD service yet to be defined.
Technical interoperability to force migration to the SEPA Direct Debit (SDD) and SEPA Credit Transfer (SCT)
Does the ending of national payment services involve the migration to SEPA payment instruments (SCT and SDD) or can other European payment schemes arise?
This alternative which has been much debated should receive a response through Article 4 of the Regulation regarding interoperability. By imposing the same rules for both national and cross-border credit transfers or direct debits as well as a mandatory participation of the majority of the member states PSP - Payment Service Providers - (banks, payment institutions ....), the European Commission appears to have imposed without naming them the SEPA instruments (SCT and SDD) defined by EPC, the European Payments Council.
The European Commission has also imposed technical requirements sorts of functional specifications partly based on the EPC "Rule Books". Among these requirements is the use of the ISO 20022 XML messages standard for the batches exchanged between the PSP and their clients.
Impacts for companies
Companies but also governments, associations, public authorities ... should not only respect the deadlines for migration to SCT and SDD but also do so by adopting the ISO 20022 XML SEPA standard for their file transfers with their banks. Migration scenarios should therefore be thought twice, for example by making a choice between a short term migration scenario to SEPA payment instruments but without immediate change of format (use of conversion tools offered by banks) versus a longer term migration scenario adopting new rules and standards at the same time.
Impacts for banks and other PSP
The impact of this regulation for the PSP is undoubtedly the loss of interchange fee per direct debit transaction when existing. However, one possibility is left opened: the so called "R" transactions such as Reject, Return ... could be billable between PSP under certain conditions.
An obligation is also made to the issuing party (PSP) to ensure the receiving Party (PSP) bank detail BIC (Business Identifier Code) is correct. And finally this project regulation introduces for the PSP the obligation to be reachable for SCT.
Impacts for consumers
SEPA migration should be as transparent as possible for consumers; the most difficult will be for them to provide bank details in the international format IBAN (International Bank Account Number) even for national transactions. For example, the new SEPA Direct Debit mandate form must be filled with the debtor IBAN and BIC. Although present on their bank documents for many years, these details are not familiar to them.
An evolutionary regulation
The new regulation will revise the current (EC) No 924/2009 coming from Regulation (EC) No 2560/2001. Integrating technical requirements this Regulation will certainly have to evolve under the operation of SEPA.
The European Commission will use all legal tools at its disposal to achieve the development of SEPA, including the use of "Delegated Acts" as defined in Article 290 of the Treaty of Rome: A legislative act may delegate to the Commission the authority to adopt non-legislative acts of general application to supplement or amend certain non-essential elements of the legislative act.
Would SEPA finally be on track?
* EXPLAIN: consulting and training for SEPA payment services
Catherine Gondelmann Bredin
EXPLAIN
+33 6 77 74 66 07
explain@orange.fr
www.explain.fr
Thursday, December 23, 2010
Blueprints Of A Trebuchet
Advent Calendar # 23
Throw-the surprise # 2 ...
Today 23/12, after lifting the ball of the tree, go back 21 days back, find the password and win the prize ...
In shop only from 10am to 19:00.
Good luck!
Wednesday, December 22, 2010
Strip Club Waitress Job
Advent Calendar # 22
Today # 22 behind the ball lies a strip Kendra Nakamura .
who will be 10 am to 19:30 will be made to Shop a Christmas card.
I remind you that you have all day and most of the surprises have been earned at the end of the day ...
Good luck and see you soon!
Tuesday, December 21, 2010
Swanson Chicken Broth Expire Can I Still Eat It
Advent Calendar # 21
J-3 before Christmas ... You will be entitled to two surprises today!
The first person who will make soap bubbles to the store from 10am to 19:30 (we have a bubble thingy!) May choose 2 cards Bubble Surprise!
and ...
The Soundtrack lego if you send a photo (email, blog) of a Lego person at the Christmas market
Until midnight Today ...
A window and two gifts ... In a shop, on the blog!
Good luck!
Monday, December 20, 2010
Jonathan Toews Rookie Material Card
Tunnel Cover Custom Made
Advent Calendar # 20
Here is the surprise for the advent calendar on 20 December.
A pair of earrings "Wolf" with drawings of stellate Returning to our buttons.
It will be that which will bring to Clelia, the designer, a button shop today from 11am to 19h.
Sunday, December 19, 2010
S9045 Shinko Print To Mac
Advent Calendar # 19
balances in a few weeks ...
Santa has thought about you and has a surprise hidden under the ball # 19!
Today 14h-18h, a voucher for an additional discount of 10% over the next January sales in the store another line that will be given to the first Christmas carol sing its choice.
Attention valid only in the store another line 14h-18h.
Friday, December 17, 2010
What Does C/d Mean Shoe Si
Thursday, December 16, 2010
Yellow Black Ontario License Plate
Calendar Advent # 17
This pretty brooch Miss Angel who will bring to the creative today from 10 am to 19:30 Design of a heart with angel wings.
Wednesday, December 15, 2010
How To Perform A Female Brazilian Wax
Advent Calendar # 15 and 16
Mea Culpa ...
Mea Culpa ...
We forgot yesterday to open the window # 15
Today a garland of paper (trade fair) will be offered the choice the first two people who will blow we "shhh, it's snowing!" from 10am to 19:30.
You have two chances to win the prize of the day ... enjoy!
Liturgical Mime Costume
Mobile cheque deposit hits Europe via Danemark : giro Danske Bank app
Danske Bank issues iphone and android app to make remote deposit for postal cheque, called giro.
100 millions giro cheques are issued every year in Danemark.
http://www.business.dk/tech-mobil/girokortet-forsvinder-ind-i-mobiltelefonen
100 millions giro cheques are issued every year in Danemark.
http://www.business.dk/tech-mobil/girokortet-forsvinder-ind-i-mobiltelefonen
Monday, December 13, 2010
Women Men Who Shave Genitalia
Advent Calendar # 14
14/12 Today, after picking the ball of the tree, go back 13 days back, find the password and save the Lot ...
Cervical Position Before Missed Period
Advent Calendar # 13
A ball of the day was hung a K'LamitE bookmarks.
It will bring an idea that reading Emily designer to store up to 19h.
Sunday, December 12, 2010
Espresso Measurements
Retrailers paper-goods
If you want to be a new paper-goods retrailer to *les zigouis* and selling my post-cards or Posters, you can write me at zigouis(@)free.fr, to let me the adress of your shop.
If we can work together, I will send you the spring&summer 2011 catalog with wholesales prices.
Many thanks.
Barbara 
If you want to be a new paper-goods retrailer to *les zigouis* and selling my post-cards or Posters, you can write me at zigouis(@)free.fr, to let me the adress of your shop.
If we can work together, I will send you the spring&summer 2011 catalog with wholesales prices.
Many thanks.
Barbara
Show To Write Tatement Confidentiality
Advent Calendar # 12
Today Sunday, December 12, # 12 behind the ball a little treasure hunt ... Go get the lot of 7 and give the password of 4!
Saturday, December 11, 2010
Other Way Ofprenency In Other In Urdu
Friday, December 10, 2010
North Face Logo In The Back
new
a new post-card IS Into my shop
small labels in the collection was arrived too ...
(I do not show you too but almost everything is already there) 
a new post-card IS Into my shop
small labels in the collection was arrived too ...
(I do not show you too but almost everything is already there)
Where Is 120-55 Queens Blvd Criminal Courts?
Calendar Advent # 10
Come Sing to the ear of Clairette and Nini today from 10am to 19h
San Francisco Maxime le Forestier (you know "It's a blue house, built against the hill ..." )
and earn a pin Fish
Wednesday, December 8, 2010
Repairing Honeycomb Shades
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