22 July 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 second quarter of 2019, EPC gathered a list of recent reports that shine a spotlight on interesting topics such as artificial intelligence in financial...
SEPA INSTANT CREDIT TRANSFER SCHEME
0 payment service providers
have already joined the scheme:
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.
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
18 July 19
Results of the EPC poll on electronic identification (eID)
The financial sector has seen a rapid increase in adoption of electronic identification (eID), therefore, the EPC invited professionals working in the payments industry to share their views on the future of eID by participating in the poll. The question asked over the last two months to all interested...
08 July 19
Publication of guidance on the usage of ERI and updated recommendation on ISO 20022 customer reporting of SCTs and SDDs
As of the entry into force of the 2019 Single Euro Payments Area (SEPA) Credit Transfer (SCT) rulebook on 17 November 2019, the SCT scheme contains a new annex V describing the Extended Remittance Information (ERI) option. The EPC published today a guidance document which provides detailed information...
04 July 19
Instant payments are the new normal in the Netherlands; who will follow?
*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Dutch payment service providers (PSPs) community is one of frontrunners in the instant payments field: some Dutch PSPs were among the first to adhere to Single Euro...