Insights

Insight

10 June 20

SRTP scheme – facilitating a seamless way to pay within SEPA

On 2 June 2020, the EPC launched a three-month public consultation on the rulebook for the new SEPA Request-to-Pay (SRTP) scheme, which will provide a new way to request a payment initiation. We interviewed the ad-hoc RTP Task Force (RTP TF) chair Jean-Yves Jacquelin to shed some light on the future...

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Insight

20 May 20

SCT Inst scheme gaining further traction in Europe

November 2017 marked a major event in an increasingly instant world: the launch of the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables credit transfers in ten seconds – or less – across the SEPA. Two and a half years on, the scheme has grown significantly, and the European...

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Insight

14 April 20

AFR – the Hungarian Retail Instant Payment System

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In order to improve the efficiency of domestic payments, Hungarian banks launched a local currency Instant Payment System (AFR) based on the SEPA Instant Credit Transfer...

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Insight

29 January 20

The payment landscape of Luxembourg

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We continue our series of European payment landscapes with a profile of Luxembourg, which is characterised by the highest banking internationalisation rate in Europe as...

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Insight

09 January 20

TPPs: latest views on PSD2 implementation

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We continue our series of interviews presenting the opinions of various stakeholders on the implementation of the revised Payment Services Directive (PSD2) with the interview...

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Insight

12 December 19

PSD2 implementation: challenges for ASPSPs

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Today we start a series of articles representing the views of various stakeholders on the implementation of the revised Payment Services Directive (PSD2).  What are...

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Insight

05 December 19

What’s next for RTP?

*The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. The landscape of payment solutions in the retail market is undergoing transformation and Request to Pay (RTP) is gathering momentum. Last week we issued a guidance document...

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Insight

14 November 19

Greece’s steady progress towards a cashless society

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Over the last five years, an evolution has taken place in Greece towards a more integrated retail payments market. While other traditional means of payment, such as cheques,...

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Insight

24 October 19

We need a roadmap for the cashless society

*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. According to recent figures from industry association UK Finance, one in ten UK adults now live a largely cashless life – in part thanks to the growing acceptance of contactless...

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Insight

09 October 19

Belgium: SCT Inst implementation

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. As of March 2019, the Centre for Exchange and Clearing (CEC), the Belgian automated interbank payment system for retail payments, initiated their instant payment platform...

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Insight

26 September 19

Sweden: cashless society and digital transformation

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Sweden is leading the race to become the world's first almost cashless society: the use of cash has been declining for years, and instant mobile payments and other new...

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Insight

03 September 19

Electronic invoicing- gathering pace

*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. This article is one of an occasional series updating the European Payments Council (EPC) community on developments in e-invoicing, an important adjacent space to the world...

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Insight

05 June 19

MADRE: a Banque de France blockchain project

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. 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...

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Insight

15 May 19

Instant Payments System in Romania

* 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...

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Insight

25 April 19

SPL: the newest EPC scheme

The Single Euro Payments Area Proxy Lookup (SPL) scheme managed by the European Payments Council (EPC) covers the exchange of the data necessary to initiate payments between proxy-based payment solutions on a pan-European level. Based on this scheme, the SPL service has been ready for market use since...

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Insight

03 April 19

Country profile: payment habits in the Czech Republic

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We continue our series of European payment landscapes with a profile of the Czech Republic. Czechs are frontrunners for contactless card payments and have the highest...

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