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SWIFT SEPA
Six Automated Clearing Houses (ACHs) processing the majority of retail payments in Europe will test compliance with SEPA standards using the SWIFT Testing Programme. ACHs are also encouraging their clients, the major banks across Europe, to join the one-time testing programme as part of their operational readiness assessment. More than 130 financial institutions have registered to date. Dias (Greece), Equens (The Netherlands, Germany), IberPay (Spain), Seceti (Italy), SIBS (Portugal) and STET (France) will process SEPA compliant payments from 1 January 2008.

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