Thank you for sharing!

Your article was successfully shared with the contacts you provided.

When the Single Euro Payments Area system goes into effect in February 2014, it could expose errors like out-of-date account data in the records of many European countries, costing them up to 20 billion euros ($25.8 billion) in fees, according to a study by  Experian, an information services company, Finextra reports.

Treasury & Risk

T&R Express

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.