17 October 19
Around the web – a compilation of some interesting reports about payments published last quarter
*The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. During the third quarter of 2019, EPC compiled a list of reports highlighting payment trends, statistics, fintech and open banking. Getting lost in the flow of new...
09 October 19
Belgium: SCT Inst implementation
* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. As of March 2019, the Centre for Exchange and Clearing (CEC), the Belgian automated interbank payment system for retail payments, initiated their instant payment platform...
SEPA INSTANT CREDIT TRANSFER SCHEME
0 payment service providers
have already joined the scheme:
0% of European PSPs.
ESTIMATED SHARE OF SCT INST VOLUMES IN
TOTAL CT* VOLUMES
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.
4,000+ scheme participants
must formally adhere to the schemes in order to offer their customers the ease and convenience of transactions.
520+
million citizens
139
billion electronic payments per year
36
European countries
About
(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.
Featured
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
11 October 19
The first Register of Participants of the SCT ERI Option
As from 17 November 2019, the Extended Remittance Information (ERI) option can be used under the 2019 SEPA Credit Transfer (SCT) Rulebook. From today onwards, the EPC maintains a separate register of SCT scheme participants that support the ERI option. Already ten SCT participants will be able to provide...
10 October 19
Intra-EU Mobility: a case for adhering to the SPL scheme
The Single Euro Payments Area Proxy Lookup (SPL) is the EPC’s latest scheme which covers the exchange of the data necessary to initiate payments between proxy-based mobile payment solutions on a pan-European level. It aims to facilitate interoperability between participating payment solutions. The...
09 October 19
Belgium: SCT Inst implementation
* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. As of March 2019, the Centre for Exchange and Clearing (CEC), the Belgian automated interbank payment system for retail payments, initiated their instant payment platform...