News

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’.

As of today, the Principality of Andorra and the Vatican City State / the Holy See are part of the geographical scope of the Single Euro Payments Area (SEPA) payment schemes. From now on, the geographical scope of the SEPA payment schemes consists of the following 36 countries: the 28 EU Member States...

The European Payments Council (EPC) releases today the version 1.3 of the EPC clarification paper on the Single Euro Payments Area (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) rulebooks. The paper addresses operational aspects related to the SCT and SCT Inst rulebooks and...

The call for change requests for possible modifications to be introduced into the SEPA Proxy Lookup (SPL) scheme rulebook starts today and runs until 31 March 2019. How to participate? The template to submit a change request to the SPL scheme rulebook can be downloaded below. Any person or organisation...

The SEPA Proxy Lookup (SPL) scheme, managed by the European Payments Council, covers the exchange of the data necessary to initiate payments between proxy-based payment solutions on a pan-European level and aims to facilitate interoperability between participating payment solutions. The scheme is...

We invite experts to join our new Request-To-Pay Multi-Stakeholder Group (RTP MSG): applications have to be submitted by 15 February 2019. The landscape of payment solutions in the retail market is undergoing transformation, under the influence of the development of account-based real-time payment...

Today the EPC published a new version of the Guidelines on cryptographic algorithms usage and key management in order to provide guidance to the European payments industry, more precisely to security officers, risk managers, system engineers and systems designers. Although its content does not assume...

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 last quarter of 2018, we gathered a list of interesting and free reports that focus on different payments’ topics. It is easy to get lost in the flow of...

Today the EPC has published the first version of the SEPA Proxy Lookup (SPL) scheme rulebook which consists of a set of rules, practices and standards that makes it possible to operate, join and participate in the SPL scheme. The SPL scheme covers the exchange of the data necessary to initiate payments...

The EPC invited professionals working in the payments industry to share their views on the future of biometric authentication. It held over the last two months a poll on forecasting which of the suggested technologies would become a common practice in the medium run.   The question asked all participants...

The EPC Scheme Management Board (SMB) – the body responsible for the administration and evolution of the EPC Single Euro Payments Area (SEPA) payment schemes will be renewed in 2019. In addition to the seats allocated to scheme participant representatives (maximum 20), three seats (including the Chairmanship...

As of 1 March 2019, the Principality of Andorra and the Vatican City State / the Holy See will be part of the geographical scope of the Single Euro Payments Area (SEPA) schemes. The inclusion of financial institutions from these two states is a natural extension of the SEPA project and demonstrates the...

To contribute to creating awareness on payment threats and fraud trends, and to help payment stakeholders decide on possible actions, the EPC publishes the 2018 Payment Threat and Fraud Trends Report. The report provides an overview of the most important threats that affect electronic payments such...