24 May 19
The EPC launches today a three-month public consultation on possible modifications to the SPL scheme rulebook 2019. To meet the demands of the scheme participants and stakeholders including end-users and Payment Service Provider (PSP) communities, the SPL scheme is subject to a change management...
SEPA INSTANT CREDIT TRANSFER SCHEME
0 payment service providers
have already joined the scheme:
0% of European PSPs.
We harmonisepayments 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.
billion electronic payments per year
(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.
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
23 May 19
Public consultation: draft Mobile Initiated SEPA Credit Transfer Interoperability Implementation Guidelines (including SCT Inst)
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), the draft MSCT Interoperability Implementation Guidelines (IIGs) (including SCT Inst) are now published for a 3-month public consultation. MSG...
15 May 19
* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Transfond developed a local currency Instant Payments (IP) system based on the SEPA Instant Credit Transfer Scheme (SCT Inst) in Romania. The system was recently launched...
09 May 19
The ad-hoc multi-stakeholder group (MSG) on Mobile Initiated SEPA Credit Transfers, including instant transfers (MSG MSCT), facilitated by the EPC, has finalised the draft Mobile Initiated SEPA Credit Transfer Interoperability Implementation Guidelines (MSCT IIGs) which is ready to be published soon...