With the 2008 deadline approaching rapidly, expect to see more such announcements in preparation for Single European Payments Area (SEPA).

Finextra: Microsoft teams with TietoEnator, Nordic banks for corporate-to-bank connectivity

Microsoft is joining forces with TietoEnator and Nordic banks Sampo, Nordea and OP Bank to develop and launch a Sepa-compliant automated corporate-to-bank connectivity service for transactions and payments.