18 March 20
Implementation of PSD2: a viewpoint from the EBA, the European Banking Authority
Disclaimer: The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We close our series of interviews representing the views of various stakeholders on the implementation of the revised Payment Services Directive (PSD2) with...
12 March 20
The EPC launches the public consultation on the 2020 change requests for the SEPA Credit Transfer and SEPA Direct Debit Scheme Rulebooks
As part of the EPC’s regular change management cycle the Single Euro Payments Area (SEPA) Credit Transfer (SCT), the SEPA Instant Credit Transfer (SCT Inst), the SEPA Direct Debit Core (SDD Core) and the SDD Business-to-Business (SDD B2B) schemes, and in line with its commitment to stakeholders’ involvement,...
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
Featured
Get ready for the Instant Credit Transfer scheme
The Instant Credit Transfer ( ) 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 scheme via the website as receivers of transactions and / or payers in order to give it momentum and meet customer needs.
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.
527+
million citizens
146
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.
News and Insights
12 March 20
The EPC launches the public consultation on the 2020 change requests for the SEPA Credit Transfer and SEPA Direct Debit Scheme Rulebooks
As part of the EPC’s regular change management cycle the Single Euro Payments Area (SEPA) Credit Transfer (SCT), the SEPA Instant Credit Transfer (SCT Inst), the SEPA Direct Debit Core (SDD Core) and the SDD Business-to-Business (SDD B2B) schemes, and in line with its commitment to stakeholders’ involvement,...
09 March 20
New version of the guidelines on cryptographic algorithms usage and key management
Today the EPC published a new version of the guidelines on cryptographic algorithms usage and key management in order to provide guidance to the European payments industry, more precisely to security officers, risk managers, system engineers and systems designers. Although its content does not assume...
05 March 20
Publication of the updated SEPA Proxy Lookup scheme rulebook
Today the EPC has published version 2.0 of the SEPA Proxy Lookup (SPL) scheme rulebook which consists of a set of rules, practices and standards that makes it possible to operate, join and participate in the SPL scheme. The rulebook will come into effect on 1 June 2020. The updated SPL rulebook, resulting...