The European Payments Council ( ) makes available the publication 'Shortcut to the Data Format' (four-page flyer) which summarises the Single Euro Payments Area ( ) data formats as specified in the implementation guidelines which accompany the Credit Transfer ( ) Rulebook and the Direct Debit ( ) Rulebooks. The data formats are based on the global ISO 20022 message standards developed by the International Organization for Standardization. For more information on the ISO 20022 message standards and additional helpful links, refer to this page on the Website: ISO 20022 Message Standards.
The brings out the goals and benefits for consumers and businesses, to view this, refer to the page here.
The invites readers to be mindful of the European Union ( ) 'Regulation ( ) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009' (the Regulation) adopted by the legislator in February 2012. The Regulation defines 1 February 2014 as the deadline in the euro area for compliance with the core provisions of this Regulation. In non euro countries, the deadline will be 31 October 2016. Effectively, this means that as of these dates, existing national euro credit transfer and direct debit schemes will be replaced by and . For more information on the Regulation refer to this dedicated page on the Website: SEPA Legal and Regulatory Framework.
The jurisdictional scope of the Schemes currently consists of the 28 Member States plus Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino. Please refer to the List of SEPA Scheme Countries.