14 December 18
Results of the EPC poll on biometric authentication technology adoption for payments in the coming 5 years
The EPC invited professionals working in the payments industry to share their views on the future of biometric authentication. It held over the last two months a poll on forecasting which of the suggested technologies would become a common practice in the medium run. The question asked all participants...
SEPA INSTANT CREDIT TRANSFER SCHEME
Already 0 payment service
providers have joined the scheme,
i.e. 0% of European PSPs.
We harmonise payments in Europe
We help make it possible for citizens and businesses to pay with the same ease and convenience across the Single Euro Payments Area
() as in their home country. We design and manage the payment schemes, which are the rules underlying most of the euro credit transfers and direct debits in Europe. We represent payment service providers () on all European payment issues and contribute to shaping the future European payments landscape.
We maintain the schemes and make them evolve in dialogue with our stakeholders.
We strive for a better harmonisation of other innovative electronic payment instruments, like card and mobile payments.
We define positions and make proposals on payment aspects of European policies and legislations.
billion electronic payments per year
(Single Euro Payments Area) is a European Union payments integration initiative to harmonise electronic euro payments in Europe. Thanks to this project, citizens and companies can use the same payment instruments – in particular, credit transfers, direct debits and cards – when making euro transactions across Europe as when paying in euros in their home country. The supports and promotes , which is driven by European institutions.
Get ready for the Instant Credit Transfer scheme
The Instant Credit Transfer ( Inst) scheme is effective since November 2017; it will significantly change payments as we know them.
How to participate?
All are encouraged to adhere rapidly to the Inst scheme via the website as receivers of transactions and / or payers in order to give it momentum and meet customer needs.
News and Insights
06 December 18
The EPC Scheme Management Board (SMB) – the body responsible for the administration and evolution of the EPC Single Euro Payments Area (SEPA) payment schemes will be renewed in 2019. In addition to the seats allocated to scheme participant representatives (maximum 20), three seats (including the Chairmanship...
04 December 18
* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The EPC payment schemes are updated every two years to reflect market evolution and customer needs. Last month we published the four EPC SEPA scheme rulebooks as a result...
30 November 18
As of 1 March 2019, the Principality of Andorra and the Vatican City State / the Holy See will be part of the geographical scope of the Single Euro Payments Area (SEPA) schemes. The inclusion of financial institutions from these two states is a natural extension of the SEPA project and demonstrates the...