19 March 19
Banks regaining the initiative
* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Background It has been evident in the last years that banks are increasingly being driven - by the regulator (stop thinking nationally ! do instant...
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.
Manage
We maintain the
schemes and make them evolve in dialogue with our stakeholders.
Envision
We strive for a better harmonisation of other innovative electronic payment instruments, like card and mobile payments.
Influence
We define positions and make proposals on payment aspects of European policies and legislations.
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 March 19
European Payments Council's decision paper on Brexit and UK PSPs’ participation in SEPA schemes
In consideration of the expected withdrawal of the United Kingdom (UK) from the European Union the UK payment service providers (PSPs), represented through ‘UK Finance’, filed an application in December 2018 with the European Payments Council (EPC) to be able to maintain the participation of the UK PSPs...
04 March 19
A German SEPA Instant Credit Transfer scheme experience
* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Fifteen months away from the launch of the SEPA Instant Credit Transfer (SCT Inst) scheme, the total number of European Payment Service Providers (PSPs) which have joined...
01 March 19
The EPC updates members’ list
The EPC is glad to count among its members two additional organisations: • HomeSend (based in Belgium); • MTACC (based in Malta); The EPC now represents 75 payment service providers and their associations. Two further organisations have the status of ‘associate member’.