Central Bank calls on businesses to prevent IBAN discrimination

IBAN discrimination has become an issue across European countries as an increasing number of firms provide services on a Europe-wide cross-border basis.

Regulated companies alongside business representative bodies in Ireland have been contacted by the Irish Central Bank in order to remind them to reinforce all organisations’ responsibilities under Single European Payments Area initiative (SEPA).

The Irish Central Bank has called on businesses to prevent IBAN discrimination.

IBAN discrimination has become an issue across European countries as an increasing number of firms provide services on a Europe-wide basis.