SEPA is currently regulated by the banks themselves through the European Payments Council (EPC), which, with their new XML messages based on ISO 20022, have focused on interbank payment messages. The inclusion of these measures in the timetable would have provided urgent impetus, both for SCORE and for the involvement of companies in SEPA, many of whom have limited knowledge of what SEPA could do for them. But even without THE EPC, SWIFT is making progress in developing these messages, which is very welcome, because without these standards, the work will simply be too difficult for some, even with simpler connectivity. But this is only Europe, SWIFT`s main area. The recent U.S. announcement that future payment infrastructure (in response to SEPA) will use STP800 instead of ISO 20022 seems unfathomable. This may show that SWIFT`s influence in North and South America is far too small or that it is not yet agile enough or fast enough in developing standards and product management.