Brussels, 09/01/2014 (Agence Europe) - On Thursday 9 January, the European Commission adopted a proposal to extend the transition period for the introduction of the Single Euro Payment Area (SEPA) during which payments using the old, non-SEPA, methods will continue to be accepted in order to reduce the risk of disruption for consumers and companies. The formal deadline for the migration, 1 February 2014, has not altered.
Internal Market and Services Commissioner Michel Barnier said: “An...