status of sepa migration austria czech banking association 21 september 2010
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Founded in 2005
Members
10 of Austria´s largest banks
Austrian National Bank (OeNB)
Austrian Banker´s Association
Chamber of Commerce
Secretariat: STUZZA GmbH
Main Purpose
Coordination of implementation strategies concerning SEPA in Austria
APC is the hub of the decision making process related to administrative and technical issues of SEPA („national community“)
Austrian Payments Council (APC) / 1
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Czech Banking Association
Austrian Payments Council (APC) / 2
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Issues of the APC
External representation of the Austrian
banking community
EPC
EU
ECB
Nationalauthorities and Stake-holder
A
P
C
Specification of necessary
administrative and technical
changes in processing payment
transactions
Monitoring and support of
implementationboard level information
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Czech Banking Association
Legal + ‚Infrastructure‘
PSD transposition Law is effective since 1 November 2009 („Zahlungsdienstegesetz“ - ZaDiG)
BIC / IBANon all account statements - since 2002on all bank cards: started 2008 to be completed 2010Conversion Service for PAs and corporates:
offered since 2008more than 8 Mio. accounts converted so far
CID-Serviceoffered since June 2009
about 430 CIDs assigned up to now21 September 2010
Czech Banking Association 4
SEPA Adherence
All banks offering national direct debits are reachable for SDD Core (Regulation 924/2009 ).
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Sept. 2010
SCT 725
SDD Core 710
SDD B2B 620
SDD Fixed Amt. -
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Czech Banking Association
SCT Migration / 1
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1st HY 2010: 37% of SCT transactions domestic (federal government started SCT mass payments in June 2009)
1st HY 2010 : 5,5% of Austrian credit transfers are SCT
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Czech Banking Association
SCT Migration / 2
about 4% of all credit transfers are x-border.
about 80% of x-border CTs qualify for SCT
increase of SCT from 19% in 2008 to over 60% in 2010
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Czech Banking Association
SCT - Situation in the Market
Corporatesstill waiting for ‚full XML-package‘ (SCT + SDD + account statements)slow migration without end-date (one end-date for SCT and SDD preferred)
Public Authoritiesdomestic mass payments in use since June 2009federal government:
67% of outgoing payments will be migrated by July 2010100% of outgoing payments planned for 2011
regional entities following slowly (benefitting from experience)
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SDD Migration
~ 6 million SDD transaction Jan. – Jun. 2010; approx. 3% of direct debit transactions
Vast majority SDD Core
All banks process substantial numbers of SDD transactions – ready for mass production
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Czech Banking Association
SDD – Situation in the Market
Corporateslarge creditors (insurances, utilities, telecom) are interested
some have started to use SDD for x-border transactions
one building society has completely migrated to SDD (~ 13 Mio. transactions p.a.)
Public AuthoritiesAustrian PA-entities do not use direct debit
Consumerslittle awareness of SDD because migration work is driven by banks and creditors
no exchange of mandatescreditors use BIC/IBAN servicedebtors are informed by creditors but have no active role.
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Czech Banking Association
SDD - Open Issue
Migration of domestic direct debit no refund scheme (“Lastschrift“) to SDD
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Debtor Migration
Corporate will be migrated to SDD B2B
Consumer If ‘no refund’ no longer required:will be migrated to SDD Core
If ‘no refund’ also required in future: migrate to SDD Core no refund(as per PSD - not available yet)
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Czech Banking Association
Status SEPA Cards
Migration to EMV standard (chip)
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StatusCards (debit and credit)
100%
ATM 100%
POS 60%(to be completed in 2011)
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Czech Banking Association
e-Payments
Austrian e-payment scheme “eps online payment” will be SEPA compliant by the end of 2010 (BIC/IBAN + SCT)
Austria liaises with other European e-payment schemes (DE, NL) to reach interoperability
e-payment framework will provide ‘missing link’ between existing schemes.
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Czech Banking Association
Information - Communication
National Stakeholder Forum (2x/year; next meeting in May 2010)
media (press, TV etc.) work concentrated on PSD transposition rather than SEPA migration
APC provides information (presentations, discussions, training) to corporates and IT-providers regurlarly
Consumers in Austriamigration of cards (debit and credit): completed
access to BIC/IBAN: completed by end 2010
migration to SCT: driven by PA’s and Corporates
migration to SDD: driven by Creditors1421 September
2010Czech Banking Association
Stiftgasse 15-17A-1070 Wien
Phone: +43/1/505 32 80-0Fax: +43/1/505 32 80-77
E-Mail: [email protected]
Thank you for your attention
Alexander Schilling