1 / 15

Status of SEPA Migration Austria Czech Banking Association 21 September 2010

2. . Founded in 2005Members10 of Austria

adamdaniel
Download Presentation

Status of SEPA Migration Austria Czech Banking Association 21 September 2010

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. Status of SEPA Migration Austria Czech Banking Association 21 September 2010

    2. 2 Austrian Payments Council (APC) / 1 21 September 2010 Czech Banking Association

    3. 3 Issues of the APC 21 September 2010 Czech Banking Association

    4. Legal + ‚Infrastructure‘ PSD transposition Law is effective since 1 November 2009 („Zahlungsdienstegesetz“ - ZaDiG) BIC / IBAN on all account statements - since 2002 on all bank cards: started 2008 ? to be completed 2010 Conversion Service for PAs and corporates: offered since 2008 more than 8 Mio. accounts converted so far CID-Service offered since June 2009 about 430 CIDs assigned up to now 21 September 2010 Czech Banking Association 4

    5. SEPA Adherence All banks offering national direct debits are reachable for SDD Core (Regulation 924/2009 ). 5 21 September 2010 Czech Banking Association

    6. SCT Migration / 1 6 1st HY 2010: 37% of SCT transactions domestic (federal government started SCT mass payments in June 2009) 1st HY 2010 : 5,5% of Austrian credit transfers are SCT 21 September 2010 Czech Banking Association

    7. SCT Migration / 2 about 4% of all credit transfers are x-border. about 80% of x-border CTs qualify for SCT increase of SCT from 19% in 2008 to over 60% in 2010 7 21 September 2010 Czech Banking Association

    8. SCT - Situation in the Market Corporates still waiting for ‚full XML-package‘ (SCT + SDD + account statements) slow migration without end-date (one end-date for SCT and SDD preferred) Public Authorities domestic mass payments in use since June 2009 federal government: 67% of outgoing payments will be migrated by July 2010 100% of outgoing payments planned for 2011 regional entities following slowly (benefitting from experience) 8 21 September 2010 Czech Banking Association

    9. SDD Migration ~ 6 million SDD transaction Jan. – Jun. 2010; approx. 3% of direct debit transactions Vast majority SDD Core All banks process substantial numbers of SDD transactions – ready for mass production 9 21 September 2010 Czech Banking Association

    10. SDD – Situation in the Market Corporates large creditors (insurances, utilities, telecom) are interested some have started to use SDD for x-border transactions one building society has completely migrated to SDD (~ 13 Mio. transactions p.a.) Public Authorities Austrian PA-entities do not use direct debit Consumers little awareness of SDD because migration work is driven by banks and creditors no exchange of mandates creditors use BIC/IBAN service debtors are informed by creditors but have no active role. 10 21 September 2010 Czech Banking Association

    11. SDD - Open Issue Migration of domestic direct debit no refund scheme (“Lastschrift“) to SDD 11 21 September 2010 Czech Banking Association

    12. Status SEPA Cards Migration to EMV standard (chip) 12 21 September 2010 Czech Banking Association

    13. e-Payments Austrian e-payment scheme “eps online payment” will be SEPA compliant by the end of 2010 (BIC/IBAN + SCT) Austria liaises with other European e-payment schemes (DE, NL) to reach interoperability e-payment framework will provide ‘missing link’ between existing schemes. 13 21 September 2010 Czech Banking Association

    14. Information - Communication National Stakeholder Forum (2x/year; next meeting in May 2010) media (press, TV etc.) work concentrated on PSD transposition rather than SEPA migration APC provides information (presentations, discussions, training) to corporates and IT-providers regurlarly Consumers in Austria migration of cards (debit and credit): completed access to BIC/IBAN: completed by end 2010 migration to SCT: driven by PA’s and Corporates migration to SDD: driven by Creditors 14 21 September 2010 Czech Banking Association

    15. Thank you for your attention Alexander Schilling

More Related