SEPA
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What is SEPA?
SEPA, or Single Euro Payments Area, is an initiative of the European Union to simplify bank transfers denominated in euro. It allows citizens, companies, and other economic actors to make and receive payments in euro within Europe, under the same basic conditions, rights, and obligations, regardless of their location. SEPA includes credit transfers, direct debits, and card payments.
What other technologies are related to SEPA?
SEPA Competitor Technologies
CHAPS
CHAPS is a UK-based high-value payment system. While SEPA aims for Euro payments within Europe, CHAPS handles GBP payments in the UK, so it serves a similar purpose within its region.
Target2
TARGET2 is a real-time gross settlement system for Euro payments within the Eurozone. While SEPA facilitates credit transfers and direct debits, TARGET2 handles large-value payments, potentially overlapping in some use cases.
BACS
BACS is a UK payment system for direct debits and credit transfers. While SEPA aims for Euro payments within Europe, BACS handles GBP payments in the UK, so it serves a similar purpose within its region.
Faster Payments
Faster Payments (FPS) is a UK payment system for near real-time payments. While SEPA aims for Euro payments within Europe, FPS handles GBP payments in the UK, so it serves a similar purpose within its region.
Instant Payments
Instant payments schemes in different countries (including SEPA Instant Credit Transfer (SCT Inst)) offer immediate payment processing, serving as an alternative to standard SEPA credit transfers which are not instant.
ACH
ACH (Automated Clearing House) is a US-based electronic funds transfer system. While SEPA aims for Euro payments within Europe, ACH handles USD payments in the US, so it serves a similar purpose within its region.
FPS
FPS (Faster Payments Service) is a UK payment system for near real-time payments. While SEPA aims for Euro payments within Europe, FPS handles GBP payments in the UK, so it serves a similar purpose within its region.
Instant Payment
Instant payments schemes in different countries (including SEPA Instant Credit Transfer (SCT Inst)) offer immediate payment processing, serving as an alternative to standard SEPA credit transfers which are not instant.
Number of organizations that mention technology
847
SEPA
250
CHAPS
156
Target2
299
BACS
129
Faster Payments
128
Instant Payments
1,398
ACH
225
FPS
59
Instant Payment
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SEPA Complementary Technologies
ISO20022
ISO 20022 is a messaging standard used in financial transactions. SEPA utilizes ISO 20022 for its message formats, making it complementary.
ISO 20022
ISO 20022 is a messaging standard used in financial transactions. SEPA utilizes ISO 20022 for its message formats, making it complementary.
SDD
SDD (SEPA Direct Debit) is a scheme within SEPA, specifically for direct debit payments, so it is complementary.
Number of organizations that mention technology
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Which job functions commonly mention SEPA?
Data Analyst
430 Data Analyst jobs mention SEPA
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jobs on Sumble
Consultant
196 Consultant jobs mention SEPA
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jobs on Sumble
Product Manager
129 Product Manager jobs mention SEPA
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jobs on Sumble
Data, Analytics & Machine Learning
433 Data, Analytics & Machine Learning jobs mention SEPA
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jobs on Sumble
Analyst
139 Analyst jobs mention SEPA
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jobs on Sumble
Which organizations are mentioning SEPA?
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