European trade groups including the European Banking Federation,the European Payments Council and the European Association ofCooperative Banks have issued guidance on implementing the SingleEuro Payments Area (SEPA), Finextra reports. The EU has set aFebruary 2014 deadline for migrating euro payments to SEPA.

The document aims to provide answers to a number of questionsrelated to the implementation of SEPA and help payments servicesproviders apply the SEPA regulation (EU Regulation 260/2012).

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