SEPA _

The Single European Payments Area (SEPA) is the European initiative to constitute an open, transparent, and competitive payments services market for Europe, based on a common set of payments instruments and technical and legal standards for retail euro payments to which banks, payment institutions, clearing and settlement infrastructures, card processors, and card schemes agree to migrate.

In order to contribute to this migration process, the Eurosystem has defined the Terms of Reference (ToR) so that the various participants in the payment services market can self-assess their compliance with SEPA rules.

ServiRed, as a responsible participant and deeply involved in the achievement of the aims implied by the creation of the SEPA, has published its response to the Eurosystem's call to carry out a self-assessment of its adaptation to SEPA, completing the so-called ToR that assure its compliance with the new rules and standards.

ToR_SEPA_compliant_card_schemes_ ServiRed_Responses_PublicVersion.pdf