Received wisdom in the payments world is that complying with the EU’s Single Euro Payments Area (Sepa) will cost banks dear and deliver reduced revenues. As a result, banks are asking some serious questions about whether they stay in the payments processing game or get out.
But for some banks, payments are their business. The decision to outsource payments processing by handing it over to a larger bank or setting up a shared service centre (SSC) with other banks requires a fundamental change in attitude.
