News

The European Payments Council’s Dispute Resolution Committee (DRC) – the body responsible for the compliance function of scheme management) will enter into office on 1 April 2020, when the revised EPC By-laws as well as the Dispute Resolution Committee Mandate become effective. As of that date, the DRC...

In the newly published infographic, the EPC reports on how it fulfilled its main objectives in 2019. It was an important year with several memorable achievements, including: Extension of the geographical scope of the Single Euro Payments Area (SEPA) payment schemes as of March 2019 with the Principality...

After the publication of the “Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance” (MSCT IG) document, the ad-hoc multi-stakeholder group on MSCTs, through a dedicated work-stream, published today a new document named ”Technical Interoperability for MSCTs based on payee-presented...

To contribute to the creation of awareness on payment threats and fraud trends, and to help payment stakeholders decide on possible actions, the EPC publishes the yearly Payment Threats and Fraud Trends Report. Since security is one of the cornerstones of customers’ trust in payment systems, the...

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) went through the public consultation until the end...

The Multi-stakeholder Group on E-invoice Presentment and Payment (EIPP), the group responsible for coordinating the work on standardisation of ISO 20022 messages for EIPP, completed its task for 2019.  Today the EPC publishes the MSG’s report which sets out the work done in 2019 and provides...

The Request-To-Pay (RTP) Multi-Stakeholder Group (MSG) has been set up last year aiming to analyse and prepare the concrete and rapid exploitation of the RTP functionality from a broader perspective. Today, the EPC published a guidance document called “RTP: Specifications for a standardisation framework”...

The 2019 Single Euro Payments Area (SEPA) Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst), SEPA Direct Debit (SDD) Core and SDD Business-to-Business (B2B) rulebooks version 1.0 entered into force on 17 November 2019 and are applicable until 21 November 2021. The EPC SEPA payment scheme...

The first “Recirculation Paper” was issued by the EPC’s Cash Efficiency Working Group (CEWG) last year in June. Today, the EPC publishes its revised version.   The “Recirculation Paper” aims to foster the best and most efficient ways to handle cash in the first levels of the cash circulation...

*The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. During the third quarter of 2019, EPC compiled a list of reports highlighting payment trends, statistics, fintech and open banking. Getting lost in the flow of new...

On 10 September 2019, the EPC Scheme Management Board (SMB) – the body responsible for the administration and evolution of the EPC Single Euro Payments Area (SEPA) payment schemes, decided to amend the maximum amount per SEPA Instant Credit Transfer (SCT Inst) transaction to 100,000 euros, effective...

On 7 March 2019, the EPC published its decision paper on Brexit and United Kingdom (UK) payment service providers’ (PSPs) participation in the EPC Single Euro Payments Area (SEPA) payment schemes. The EPC Board approved the application from UK Finance for the continued participation of UK PSPs in the...

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) were subject to a public consultation which is now...

The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. During the second quarter of 2019, EPC gathered a list of recent reports that shine a spotlight on interesting topics such as artificial intelligence in financial...

The financial sector has seen a rapid increase in adoption of electronic identification (eID), therefore, the EPC invited professionals working in the payments industry to share their views on the future of eID by participating in the poll. The question asked over the last two months to all interested...

As of the entry into force of the 2019 Single Euro Payments Area (SEPA) Credit Transfer (SCT) rulebook on 17 November 2019, the SCT scheme contains a new annex V describing the Extended Remittance Information (ERI) option. The EPC published today a guidance document which provides detailed information...

In 2019, the Electronic Invoice Presentment and Payment Multi-Stakeholder Group (EIPP MSG) has been working on developing technical standards for the servicing messages based on the design delivered in 2018 and seeks to submit the ISO 20022 Registration Authority request to ISO 20022 by October 2019....