This is the third TowerGroup Research Note of a series reviewing the harmonization of the European financial markets. The first, TowerGroup Research Note V42:13E, European Payments: A Primer on the Single Euro Payments Area (SEPA), explains the movement toward integrated payment processing across Europe. The second, TowerGroup Research Note V43:11E, European Payments: The Challenges of a Single Euro Payments Area (SEPA), explains the challenges of gaining agreements among key European players in moving toward a Single Euro Payment Area.
The present Research Note focuses on the implementation of the SEPA if the agreements identified in the second Note are gained and the resulting implications for the European payments industry.