SEPA
Nationale Bank van België
Banque nationale de belgique
Maatschappelijk debat over het Betaalverkeer.
Débat sociétal sur les moyens de paiement.
INLEIDING
2 / 27
Presentation NBB 26 April 2011
SEPA migratie in België
►Maatschappelijk overleg Betaalverkeer (MoB)
● SEPA werkgroep
 overheden
 consumenten
 bedrijfssector
► Doel van vandaag
● Informatie verschaffen over



3 / 27
Algemene vooruitgang van SEPA
Nieuw voorstel van Europese Verordening
Niet-commercieel gerelateerde vragen
Presentation NBB 26 April 2011
SEPA, stand van zaken
4 / 27
Presentation NBB 26 April 2011
State of play - SCT
5 / 27
90
18.00%
80
16.00%
70
14.00%
60
12.00%
50
10.00%
40
8.00%
30
6.00%
20
4.00%
10
2.00%
0
0.00%
% share of SCTs
in number of total transactions processed
Volume of SCT Transactions (Millions)
SCT Transactions - Euro Area
Presentation NBB 26 April 2011
State of play - SCT
SCT - per country
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
BE
DE
IE
GR
ES
2008-H1
6 / 27
FR
2008-H2
IT
CY
2009-H1
LU
2009-H2
MT
NL
2010-H1
AT
PT
SI
SK
FI
2010-H2
Presentation NBB 26 April 2011
State of play - SCT
► Last figures in Belgium: 38.8% (March 2011)
► 01/01/2011: stop processing old paper forms
► New folder on SCT migration
7 / 27
Presentation NBB 26 April 2011
8 / 27
Presentation NBB 26 April 2011
State of play - SDD
SDD - Euro area
0.6
0.1
0.5
0.08
0.07
0.4
0.06
0.3
0.05
0.04
0.2
0.03
0.02
0.1
% share of SDDs
in number of total transactions processed
Volumes of SDD transactions (Millions)
0.09
0.01
0
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0
Presentation NBB 26 April 2011
State of play - SDD
40,000
30,000
35,000
25,000
30,000
20,000
25,000
20,000
15,000
15,000
10,000
10,000
5,000
5,000
0
0
AT
10 / 27
BE
CH
CZ
DE
DK
ES
FR
GB
core
GR
b2b
IE
IT
LU
NL
PL
PT
RO
SK
Presentation NBB 26 April 2011
State of play - Cards
► Several initiatives are under way with a view
to creating an additional European card
scheme within SEPA
● Monnet
●
●
11 / 27
Presentation NBB 26 April 2011
State of play - Cards
► Existing card schemes (both domestic and
international) can also become SEPAcompliant (EPC Cards Framework)
► Bancontact/MisterCash: decision to become
SEPA compliant
Press release 12-02-2011
12 / 27
Presentation NBB 26 April 2011
13 / 27
Presentation NBB 26 April 2011
State of play - ISABEL
14 / 27
Presentation NBB 26 April 2011
Isabel 6
NBB MOB 26/4/2011
Christian Luyten
Corporate Communications Officer, Isabel NV/SA
[email protected]
15 / 27
© Copyright - Isabel 2006 – All rights reserved. ZOOMIT is a registered trademark by Isabel NV/SA
Presentation NBB 26 April 2011
Isabel 6: The SEPA service
•
Isabel Business Suite 5 is end of life
– IBS 5 is not SEPA compliant
•
Isabel 6 is the only full SEPA compliant version
– Enables all SEPA features the market needs
– Progressive offering of features
•
Isabel 6 is available on demand: www.isabel.eu
•
Massive switch end 2011.
– All customers invited to switch to Isabel 6
16 / 27
Presentation NBB 26 April 2011
Isabel 6 SEPA statistics
•
SEPA XML Uploaded Files
– Growth March-April : +18%
– Growth 2010-2011: + 270%
•
Uploaded files per type
•
Largest customer: 500.000 SEPA CT per month
•
Already 20% of customers did the switch
1
17 / 27
Presentation NBB 26 April 2011
European developments
► SDD Fixed amount scheme
● EPC scheme
● Code of conduct ?
► Card standardisation
● "Volume": Book of Requirements (functional and
security standards requirements)
● Charging principles for cards + Guidance by the
European Commission
► European Commission's proposal on an end-
date for migration to SEPA
18 / 27
Presentation NBB 26 April 2011
European Commission's
proposal on an end-date
for migration to SEPA
19 / 27
Presentation NBB 26 April 2011
SEPA legal framework
► Payment Services Directive 2007/64/EC (PSD)
● Wet betreffende de betalingsdiensten/Loi relative aux
services de paiement


Transparantie en informatievereisten
Rechten en plichten bij het gebruik van betalingsdiensten
 Aansprakelijkheid
 Uitvoeringstermijnen en valutadatum
● Wet betreffende het statuut van de betalingsinstellingen /Loi
relative au statut des établissements de paiement

creatie van statuut van de betalingsinstelling
► Regulation 924/2009 on cross border payments
● Equal charges for national and cross border payments
► Proposal for a Regulation establishing technical requirements for
credit transfers and direct debits in euros
20 / 27
Presentation NBB 26 April 2011
Regulation of the European Parliament
and of the Council
► Proposal for a Regulation establishing
technical requirements for credit transfers and
direct debits in euros
► Proposition de Règlement établissant des
exigences techniques pour les virements et les
prélèvements en euros
► Voorstel voor een Verordening tot vaststelling
van technische vereisten voor overmakingen
en automatische afschrijvingen in euro
21 / 27
Presentation NBB 26 April 2011
Regulation of the European Parliament
and of the Council
► Proposal from the Commission -16 December
2010
► Currently : work in progress both at the level of
the Council and of the Parliament
► Next steps : agreement on the text between
Council and Parliament and formal approval by
both institutions, in first reading (?)
► Timing for approval : end 2011- beginning
2012 ?
22 / 27
Presentation NBB 26 April 2011
Regulation, article 1
► Article 1: scope
● credit transfers and direct debit in € within the EU

both legs in the EU
● out of scope:




23 / 27
cards,
mobile payments,
money remittance,
e-money
Presentation NBB 26 April 2011
Regulation, article 5 & 5a
► Article 5a: End dates
● "Credit transfers shall be carried out in accordance with the
requirements ... by 1 February 2013"
● "Direct debits shall be carried out in accordance with the
requirements ... by 1 February 2014"
► Technical requirements in Annex
► "Requirements": more or less in line with European
Payment Council (EPC) Rulebooks
● Use IBAN & BIC
● Use ISO20022
● ...
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Presentation NBB 26 April 2011
Regulation, article 5 & 5a, continued
► "Requirements": more or less in line with European
Payment Council (EPC) Rulebooks
● Direct debits

" ... payers shall have the possibility to:



instruct their PSP to limit a direct debit collection to a certain amount or
periodicity, or both;
request their PSP, where there is no refund right according to the PSD, to
verify each direct debit transaction and to check whether the amount of the
submitted direct debit transaction is equal to the amount agtreed in the
mandate;
instruct their PSP to block any direct debits to their account or to block any
direct debits coming from one or more specified payees or to autorise direct
debits only coming from one or more specified payees."
● "The PSP shall ensure that a Payment Service User (PSU)
that is not a customer or a micro-enterprise, and initiates or
receives individual credit transfers or direct debits which are
bundled together for transmission, uses message formats
ISO20022."
25 / 27
Presentation NBB 26 April 2011
Regulation, article 3 & 8
►
Article 3: Reachability
●
●
►
Article 8: Payment accessibility
●
●
►
26 / 27
" ... the payment service provider (PSP) of the payee ... shall be reachable ...
for credit transfers ... initiated ... in any member state ... "
" ... the payment service provider (PSP) of the payer ... shall be reachable ...
for direct debit transactions ... initiated by a payee ... in any member state ...
"
"A payer making a credit transfer up to 50 000 € to a payee with a payment
account located within the Union shall not specify in which member state the
that payment account should be located ..."
" A payee using a direct debit to collect funds up to 50 000 € from a payer
with a payment account located within the Union shall not specify in which
member state that payment account should be located .. "
Conclusion:
● Credit transfers have to be credited on an account regardless where
the account is held
● Direct debit can be made regardless where the payee/payer hold
their account
Presentation NBB 26 April 2011
Regulation, article 6
► Article 6: Interchange fees for direct debit
transactions
● "the aim of the European Commission is to create
neutral conditions for competition between PSP's"
● " ... no multilateral interchange fees per direct debit
transaction or other agreed remuneration with an
equivalent object or effect shall apply to direct debit
transactions."

27 / 27
Exception for "R-transactions"
Presentation NBB 26 April 2011
Regulation, article 17
► Transitional provisions
● Credit transfer niche products (less than 10%, 01/08/2015)
● Direct Debit niche products (less than 10%, 01/08/2016)
● Allow PSPs to provide conversion services for national
payment transactions to consumers
● Non-euro area countries
28 / 27
Presentation NBB 26 April 2011
Regulation: conclusions
► Proposal = subject to changes by
● European Parliament
● Council
► Strict deadlines expected
► Use of ISO20022
► Time to
● Start migration to SCT for those who did not yet
start
● Plan SDD migration
29 / 27
Presentation NBB 26 April 2011
Next steps
► Next meeting: September
● latest amendments of text available
● Overview status of migration
● Experiences to be shared
30 / 27
Presentation NBB 26 April 2011
Info en Contactpersonen
► uw bank...
► Febelfin
●
http:/www.sepabelgium.be
► NBB
●
●
●
●
www.nbb.be/sepa/en
Jan Vermeulen tel 02 221 23 12
Axelle Waterkeyn tel 02 221 49 80
[email protected]
► European Commission
●
http://ec.europa.eu/internal_market/payments/sepa/index_en.htm
► EPC
●
31 / 27
www.europeanpaymentscouncil.eu/
Presentation NBB 26 April 2011