In a time in which banks are under stress, it might be tempting to slow down the process of modernisation and innovation of payment services. But the opposite is needed. The new SEPA standards need to be implemented and the old ones should phase out.
We need to set an end date for the final realization of new products and processes and find clarity on the pricing of services. 7  Beijnen and Bolt (2007). BIS Review 127/2008  9  This is easier said than done and requires the efforts from all stakeholders: banks, customers and public authorities.