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    More NewsEC to Reduce Bank Payments Processing to One Day

    EC to Reduce Bank Payments Processing to One Day

    Author Date published December 6, 2005 Categories

    The European Commission intends to reduce the maximum processing term for domestic and foreign bank payments within Europe to only one day. This proposition for a European payments area was announced by Charlie McCreevy, member of the European Commission. European payment processor Interpay has already complied with this new standard as of 2001.

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