SEPA stands for Single Euro Payments Area and represents a standard process for cashless payment transactions that will come into effect on February 1, 2014. The SEPA process will replace national payment systems and lead to considerable changes to the financial processing systems used in companies. Many businesses are not prepared for this conversion; hence data protection officers and corporate executives would be well advised to obtain information on the extent of necessary technical and organizational measures for monitoring the protection of customer and supplier data and avoiding the organizational insolvency of their companies in 2014. For instance, the company archive is set to receive additional paper documents in the future, the Human Resources department will have to enquire about the IBAN/BIC data of employees, customers will have to be contacted and the SEPA data will have to be assigned correctly. To some extent, it may be possible to determine the SEPA data by means of appropriate software solutions.