EPC comments on SEPA's additional transition period: The EPC Chair has written on EPC's website about the uncertainty surrounding the additional transition period for SEPA migration. He warns that the draft text adopted by EP and the Council does not make it mandatory for payment services providers to process payments in non-SEPA formats until 1 August. This could lead to a situation where a payment initiated in a legacy format is rejected by the receiver's payment services provider. EPC calls for guidance to national authorities on whether and until when they will accept the use of non-SEPA formats. (Source: EPC Blog: Don't Count on 1 August 2014 – Different SEPA Migration Deadlines Apply)