The European Automated Clearing Association and the role of clearing and settlement mechanisms in Europe’s evolving payments landscape

José M. Beltrán and Fred Bär
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José M. Beltrán: President, EACHA, France
Fred Bär: Partner, Payments Advisory Group, The Netherlands

Journal of Payments Strategy & Systems, 2022, vol. 16, issue 2, 160-169

Abstract: This paper presents a concise history of the Single Euro Payments Area (SEPA), with particular emphasis on its impacts on clearing and settlement practices, and on the role of the European Automated Clearing Association as a forum to support the standardisation, harmonisation and consolidation of European payment systems. The paper provides policymakers, scholars and practitioners with an introductory overview, and will help readers, especially those new to SEPA, to understand both its history and more recent developments in the euro area. The conclusions highlight the indispensable role of clearing and settlement infrastructures as a backbone for the payment services delivered by banks, as well as the importance of collaboration for infrastructural evolution.

Keywords: clearing and settlement; payments integration; payments harmonisation; collaboration; SEPA; EACHA; payments infrastructures (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2022:v:16:i:2:p:160-169

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