19 June 19
Public consultation: draft Mobile Initiated SEPA Credit Transfer Interoperability Implementation Guidelines (including SCT Inst)
* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Developed by the ad-hoc multi-stakeholder group (MSG) on Mobile Initiated SEPA Credit Transfers (MSCT), including SEPA Instant Credit transfers (SCT Inst) (MSG MSCT),...
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
07 June 19
White Paper: Non-NFC based Mobile SEPA Card Proximity Payments
In recent years, non- Near Field Communication (NFC) proximity technologies (e.g. QR-codes, Bluetooth-Low-Energy (BLE)) have been introduced in the market for various mobile payment services to enhance the consumer experience and to bring additional functionality and services to the customer (e.g. integration...
05 June 19
MADRE: a Banque de France blockchain project
In 2017, Banque de France launched MADRE, a project using blockchain to improve the interbank system to enable the exchange of Single Euro Payments Area (SEPA) creditor identifiers between SEPA Direct Debit (SDD) scheme participants. Today, four large French banks have already joined the project and...
27 May 19
Clarification papers on SCT and SCT Inst, SDD Core and SDD B2B rulebooks
The European Payments Council (EPC) published today the version 1.4 of the EPC clarification paper on the Single Euro Payments Area (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) rulebooks as well as the version 1.2 of the EPC clarification...