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Last week, PwC released an update to the “SEPA Readiness Thermometer” that it originally developed in January 2013. The first report suggested that 55 percent of companies were at risk of missing the February 1, 2014, deadline for clearing euro-denominated credit transfers and direct debits through Single Euro Payments Area (SEPA)-compliant systems. This time around, PwC surveyed 150 organizations about the state of their readiness for SEPA and found that although some companies are making progress, many are still lagging.082213-PwC-Figure 1

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