09 January 20
TPPs: latest views on PSD2 implementation
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We continue our series of interviews presenting the opinions of various stakeholders on the implementation of the revised Payment Services Directive (PSD2) with the interview...
06 January 20
EPC calls for independent candidates for its Dispute Resolution Committee
The European Payments Council’s Dispute Resolution Committee (DRC) – the body responsible for the compliance function of scheme management) will enter into office on 1 April 2020, when the revised EPC By-laws as well as the Dispute Resolution Committee Mandate become effective. As of that date, the DRC...
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.
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.
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.
News and Insights
06 January 20
EPC calls for independent candidates for its Dispute Resolution Committee
The European Payments Council’s Dispute Resolution Committee (DRC) – the body responsible for the compliance function of scheme management) will enter into office on 1 April 2020, when the revised EPC By-laws as well as the Dispute Resolution Committee Mandate become effective. As of that date, the DRC...
19 December 19
2019 - a year to remember
In the newly published infographic, the EPC reports on how it fulfilled its main objectives in 2019. It was an important year with several memorable achievements, including: Extension of the geographical scope of the Single Euro Payments Area (SEPA) payment schemes as of March 2019 with the Principality...
16 December 19
Public consultation on “Technical Interoperability for MSCTs based on payee-presented data”
After the publication of the “Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance” (MSCT IG) document, the ad-hoc multi-stakeholder group on MSCTs, through a dedicated work-stream, published today a new document named ”Technical Interoperability for MSCTs based on payee-presented...