News

*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....

In recent years, non- Near Field Communication (NFC) proximity technologies (e.g. QR-codes, Bluetooth-Low-Energy (BLE)) have been introduced in the market for various mobile payment services to enhance the consumer experience and to bring additional functionality and services to the customer (e.g. integration...

The European Payments Council (EPC) published today the version 1.4 of the EPC clarification paper on the Single Euro Payments Area   (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer         (SCT Inst) rulebooks as well as the version 1.2 of the EPC clarification...

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...

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...

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...

The European Payments Council (EPC) calls for candidates representing European associations of end-users of the EPC SEPA schemes who wish to become a Scheme End-User Forum (SEUF) member, and for candidates representing technical players who want to be an EPC Scheme Technical Forum (ESTF) member as of...

The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. Are you interested to keep up to date on everything that is being published online related to payments? We have gathered some of the most interesting (and free) reports...

In consideration of the expected withdrawal of the United Kingdom (UK) from the European Union the UK payment service providers (PSPs), represented through ‘UK Finance’, filed an application in December 2018 with the European Payments Council (EPC) to be able to maintain the participation of the UK PSPs...

The EPC is glad to count among its members two additional organisations: • HomeSend (based in Belgium); • MTACC (based in Malta); The EPC now represents 75 payment service providers and their associations. Two further organisations have the status of ‘associate member’.