All stakeholders will soon have the opportunity to have their say in the evolution of the three existing European Payments Council () scheme rulebooks (i.e. the technical and business rules governing the schemes). From 5 April to 4 July 2016, the Credit Transfer () scheme, the Direct Debit Core ( Core) scheme, as well as the Business-to-Business ( B2B) scheme will be subject to a public consultation. To ensure that the schemes reflect the evolution of Payment Service Providers’ needs and those of their customers, as well as technological changes, the regularly organises a release management cycle for the scheme rulebooks, in line with its commitment to transparency and stakeholders’ involvement.
Following a call for suggestions to amend the rulebooks, conducted in the fourth quarter of 2015, the has registered nearly 40 change suggestions from various banking and stakeholder communities, as well as suggestions from the itself. All have been included in the public consultations. For instance, an important change suggestion, which was recommended by the Euro Retail Payments Board, is to make mandatory Customer-to-Bank Implementation Guidelines. Another noteworthy proposition (regarding the B2B scheme only) is to extend the direct debit collection return period from two to three interbank business days.
After a review of the responses to the consultation, the will, in November 2016, publish the updated rulebooks and implementation guidelines that will enter into force one year later. This will ensure enough time is left for scheme participants to implement the necessary changes in their systems.
Throughout April the will keep all stakeholders wishing to find out more details about the public consultation up to date.
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