In your view, what is the main advantage for non-consumer payment service users resulting from migration to harmonised SEPA payment schemes and technical standards?

Streamline back office processes and, consequently, reduce costs
Collect direct debit payments based on the new harmonised SEPA Direct Debit Schemes across all SEPA countries
Generate efficiencies with implementation of the ISO 20022 message standards
Centralise cash management
Consolidate number of bank accounts required to manage payment business
or show results

European Payments Council Blog and Discussion Board

Join the European Payments Council (EPC) discussion board to have your say on recent Single Euro Payments Area (SEPA) developments and highlight subjects that you would like to debate. The platform has been designed to ensure the communication of frequent and useful EPC information as well as engage the payments community and encourage the exchange of opinions. Please note that by accessing or contributing to the discussion board you agree to abide by the terms of the EPC Blogging Policy, so please read them carefully before doing so.

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EPC Goes Social - We Want to Hear from You! Viewed 2408 times

12-07-2011 By Gerard Hartsink, Chair of the EPC

Welcome to this, the first post on the newly launched European Payments Council (EPC) Blog and Discussion Board.

The EPC has today launched this blog as a platform to encourage open and industry-wide discussion around developments in relation to the Single Euro Payments Area (SEPA) and associated issues in the payments and banking industry. Regular blog posts, from me and other EPC office holders, will aim to keep interested stakeholders updated on news and progress towards SEPA from the EPC's perspective. Equally, we hope that many of our blog readers will get involved in the SEPA debate and have their say. Please let us know your responses and reactions to blog posts and wider views, by using the comment functionality within the blog and linking external sources to content published here.

It is our ultimate goal to inspire debate and provide a platform with access to expert opinion, which is open to a diverse audience of banking, finance, payment professionals, consulting firms and vendors, corporations and public sector organisations and any other interested parties. Your comments and opinions are therefore important to us. Over the coming weeks, some of the discussion topics you will find here will include:

  • The European Union Regulation establishing technical requirements for credit transfers and direct debits in euro is in the pipeline. This forthcoming 'SEPA Regulation' is expected to define mandatory deadline(s) for migration to the SEPA payment schemes. The EPC advocates setting one end date for migration to SEPA Credit Transfer and SEPA Direct Debit (as opposed to two separate end dates).
  • As highlighted in issues 9 and 11 of the EPC Newsletter, the consolidated 'Basel III' text published by the Basel Committee on Banking Supervision in December 2010 contains important provisions affecting banks that provide access to payment systems for their clients or other settlement-related facilities. We will further discuss the impact of 'Basel III' on the payment sector.

To receive updates on new EPC Blog entries, please subscribe to our RSS feed. In addition to launching its blog today, the EPC has also gone live with Twitter (@EPC_SEPA) and LinkedIn profiles. This is part of a move by the EPC to make its news and views easier for anyone to find online. Please follow us on Twitter and LinkedIn to keep up to date with the latest EPC news and activity.

We hope that you find these new EPC communication platforms useful. We really look forward to engaging with our stakeholders through the EPC Blog and Discussion Board going forward! The next entry will be posted on 26 July 2011.

If there is a particular issue you would like us to address within a future blog post, please feel free to make a recommendation using the comment functionality below.


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Previous entries

21.05.131 February 2014 SEPA Migration Deadline – Council of the European Union (EU) Representing EU Member States Confirms: Provisions of Regulation (EU) 260/2012 “Have to Be Fully Respected by All Market Participants in Euro Area Member States”

08.05.13If You Have not Migrated to SEPA Yet – Act Now!

15.04.13What´s Your View? EPC Launches Public Consultation: Improving the Efficiency of Cash Handling in SEPA

04.04.13Late Movers: Learn to Love SEPA. There are Ten Months Left to Meet the 1 February 2014 Migration Deadline Mandated by European Union Law

21.03.13Vote on Future EPC Newsletter Topics! Which European Union Regulatory Action Impacting Euro Payments is Most Important to You?

07.03.13The Long Road to Harmonisation: Transitional Arrangements in European Union Member States Permissible Under Regulation 260/2012 (the SEPA Regulation)

19.02.13Get Ready for SEPA by 1 February 2014 and Get Inspired: Early Movers on the Demand Side Identify Best Practice – Part II (SEPA Direct Debit)

07.02.13Get Ready for SEPA by 1 February 2014 and Get Inspired: Early Movers on the Demand Side Identify Best Practice – Part I

23.01.13There is Only Plan A: Get Ready for SEPA in the Next Twelve Months in the Euro Area! Latest Data Shows Good Progress in the Corporate Sector Now Preparing for the 1.2.2014 Deadline

09.01.13The 2013 Euro Payments Outlook: Reflections on the Merit of European Union Regulatory Action Aimed at Promoting Integration, Competition and Innovation

18.12.12SEPA Credit Transfer and SEPA Direct Debit Rulebooks: Next Scheme Change Management Cycle Takes Place in 2014. Rulebooks to be Published in November 2014 Will Take Effect in November 2015

30.11.12SEPA Credit Transfer Rulebook Version 7.0, SEPA Direct Debit (SDD) Core Rulebook Version 7.0, SDD Business to Business Rulebook Version 5.0 and Associated Implementation Guidelines to Take Effect on 1 February 2014 Published

19.11.12Is Your Local Corner Shop Ready for SEPA? Belgian Best Practice Shows How to Engage Small and Medium-Sized Enterprises in the Migration Process

06.11.12New Rulebook Versions and Associated Implementation Guidelines Take Effect on 17 November 2012

25.10.12To Anyone Who Has Not Yet Started the Process of Getting Ready for SEPA by 1.2.2014: Act Now!

10.10.12What Drives Innovation in Payments? Conclusions of the Report ‘Innovations in Retail Payments´ published by the Committee on Payment and Settlement Systems´ Working Group

25.09.12What Drives Innovation in Payments? EPC Invites European Authorities to Take the Market Perspective into Consideration

10.09.12Let´s Talk About SEPA Direct Debit: Migration is Manageable. The Time to Act is Now

23.08.12Friendly Reminder: EU Law Mandates Migration to SEPA by February 2014 in Euro Area. Recommendation is to Rely on EU Legislator (Not on Speculations Regarding the Impact of the Euro Debt Crisis on SEPA) when Planning Migration. The Time to Act is Now.

07.08.12Payments Regulatory Expert Group (PREG) Publishes Guidance Document on SEPA Regulation. Read this Blog to Learn How to Share Questions on this European Legislative Act with the PREG!