SEPA - TREZOR

SEPA Project - Single Euro Payments Area - aims to harmonize European payment processes in Euro area, so the European Union euro payments are considered domestic payments and processed under the same conditions (performance, cost, ease, etc. ) regardless of national boundaries, the geographic location of the originator and payee.

Since 2007, the Romanian Banking Association (ARB), as representative of the Romanian banking community, is a member of the European Payments Council, also acting as the support organization for joining the SEPA schemes - NASO (National Adherence Support Organization) for banks in Romania.

In March 2008 the SEPA National Committee was funded, composed of representatives of the RBA, the Ministry of Public Finance (MFP) and TransFonD, and representatives of the National Bank of Romania (BNR) as observers.

National SEPA Committee coordinates the implementation process of SEPA, in accordance with commitments made by national banking community towards the European Payments Council (EPC), whose role is to approve national plan implementation and migration to SEPA and monitor the implementation by its national community, the governance of the SEPA project being fullfiled:

National SEPA Committee, decision-making body with the task of establishing the strategy and coordinating the implementation of SEPA-wide national communities, constituted in March 2008 with the participation of the Romanian Banking Association, the Ministry of Finance and TRANSFOND, responsible committee for approval of the national plan for SEPA implementation and migration.

SEPA Committee, constituted at the Romanian Banks Association in March 2007 in charge with debating how to implement SEPA at national level;

SEPA Task Force, constituted at the Romanian Banks Association with a similar structure to the European Payments Council, with responsibilities on the SEPA project at national level and in particular the elaboration of the national implementation and migration Plan.