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Status of SEPA Migration Austria Czech Banking Association 21 September 2010

Status of SEPA Migration Austria Czech Banking Association 21 September 2010. Austrian Payments Council (APC) / 1. Founded in 2005 Members 10 of Austria´s largest banks Austrian National Bank ( OeNB ) Austrian Banker´s Association Chamber of Commerce Secretariat: STUZZA GmbH Main Purpose

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Status of SEPA Migration Austria Czech Banking Association 21 September 2010

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  1. Status of SEPA Migration AustriaCzech Banking Association21 September 2010

  2. Austrian Payments Council (APC) / 1 • Founded in 2005 • Members • 10 of Austria´s largest banks • Austrian National Bank (OeNB) • Austrian Banker´s Association • Chamber of Commerce • Secretariat: STUZZA GmbH • Main Purpose • Coordination of implementation strategies concerning SEPA in Austria • APC is the hub of the decision making process related to administrative and technical issues of SEPA („national community“) Czech Banking Association

  3. EPC Specification of necessary administrative and technical changes in processing payment transactions External representation of the Austrian banking community A P C EU ECB National authorities and Stake-holder Monitoring and support of implementation board level information Austrian Payments Council (APC) / 2 • Issues of the APC 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 Czech Banking Association

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

  6. SCT Migration / 1 • 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 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 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) 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 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. Czech Banking Association

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

  12. Status SEPA Cards • Migration to EMV standard (chip) 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. 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 Czech Banking Association

  15. Thank you for your attention Alexander Schilling

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