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Oct 2013: Single Euro Payments Area (SEPA).

October 18, 2013

Perfast Payroll is now compliant with new European Regulation 260/2012 – Single Euro Payments Area (SEPA). SEPA comes into mandatory effect on 1st Feb 2014 and changes the way in which funds are transferred between banks across 33 countries Euope wide. The existing Sort Code and Account numbers are being replaced with full International Bank Account Numbers (IBAN) and Business Identifier Codes (BIC). Perfast supports SEPA in it’s functionality to transfer funds using the new IBAN and BIC formats. For more information email

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