Single euro payments area (SEPA) - European Central Bank
10 September 2009, 18:18 CET
Customers can pay with euro cash anywhere in the euro area. But making cashless payments from one country to another is still not very smooth. SEPA will remove the technical, legal and commercial barriers. SEPA will make cashless paying with euro as easy, efficient and safe as it is today within one country. SEPA is a project of the market. Public authorities like the ECB and the European Commission play a supportive role.
The link address is: http://www.ecb.int/paym/sepa/html/index.en.html