Jan 28th 2008 - SEPA instruments available to citizens and businesses

On Monday, January 28th the SEPA Credit Transfer was launched

Jan 28th 2008 - SEPA Cards Framework

Card issuers were required to have available to customers a SCF- compatible debit card.  In the Irish situation, this means that where laser cards are issued, they must be co-branded with an international brand (E.g. Maestro, Visa Debit)

Sept 2009 – Irish Legislation for Payments

Payment Services Directive transposed into Irish law as European Communities (Payment Services) Regulations 2009 (S.I. No. 383 of 2009) and became effective Nov 1 2009

Nov 2 2009 – SEPA Direct Debit went live

Mid 2011 = date to be announced

Countdown clock commences for completion of SEPA

Jan 1 2012 – Shorter clearing cycle

All credits will be delivered into destination account next day or earlier

Mid 2012 SEPA Credit Transfer Migration to be completed

Mid 2013 SEPA Direct Debit Migration to be completed