News

Launched in June 2017, the EPC monthly digest called Rep(l)ay provides you with a selection of the latest articles, infographics and documents published on our website. To identify the areas of improvement, we have created a survey that should not take more than three to five minutes of your time. Your...

The EPC publishes the version 1.2 for the 2017 SEPA Credit Transfer (SCT) rulebook which is effective as from 28 June 2018. This rulebook version specifies in sections 5.7 and 5.8 that each SCT scheme participant is required to comply with the applicable provisions issued in relation to risk management....

As the EPC was curious to know what professionals working in the payments industry think when it comes to the future of retail checkout it ran over the last two months a poll on forecasting when no check-out at physical merchants’ would become a common practice in Europe. The question asked to all...

On the occasion of the start of the second phase of the Brexit negotiations, in particular the negotiations on a transition period and the scoping of the future relationship between the European Union (EU) and the United Kingdom (UK), the European Payments Council (EPC) publishes a position paper on...

In December 2017 the Mobile Proxy Forum (MPF) launched a Request for Proposal (RFP) to provide a Standardised Proxy Lookup (SPL) service. The aim of the SPL service is to allow the exchange of the data necessary to initiate person-to-person (P2P) mobile payments between proxy-based P2P mobile payment...

European legislation called the General Data Protection Regulation (GDPR) is set to apply as of 25th of May 2018. It will definitely change how personal data are being processed in Europe, enhancing the right to privacy of individuals. From the payments perspective, it will also impact payment service...

During this first quarter of 2018, we have gathered a selection of recent (and free) reports about trends and innovations in payments, Fintech, Blockchain, the revised Payment Services Directive (PSD2), that might be of interest for payment professionals. Explore more about the latest researches on these...

The EPC is glad to count among its members two additional organisations: • eQuire Limited (based in the United Kingdom); • National Westminster Bank plc (based in the United Kingdom), replacing the Royal Bank of Scotland; With these two members, the EPC now represents 76 payment service providers...

It will progressively become more and more common to pay with a mobile device, to shop online, to pay in a store with a proximity technology (such as Quick Response – QR – code or Bluetooth Low Energy – BLE), and for person-to-person transactions, based on SEPA (instant) credit transfers.  Towards...

More than two years after the European Banking Authority (EBA) started to work on their principles and following the publication by the European Commission of a final version in November 2017, the Regulatory Technical Standards (RTS) on strong customer authentication (SCA) and secure open standards of...

As part of the rulebook evolution of the Single Euro Payments Area (SEPA) Credit Transfer (SCT), the SEPA Instant Credit Transfer (SCT Inst), the SEPA Direct Debit Core (SDD Core) and the SDD Business-to-Business (SDD B2B) schemes, and in line with its commitment to stakeholders’ involvement, the European...

More than 1,000 payment service providers (PSPs) from 13 countries have to date registered in the SEPA Instant Credit Transfer (SCT Inst) scheme. This represents twenty-five percent of European PSPs. We have just created an animated map showing the number countries and PSPs participating in SCT Inst: When...

We created an infographic to help you understand the main principles and key players of the final Regulatory Technical Standards (RTS) for strong customer authentication (SCA) and common and secure open standards of communication (CSC) under the revised Payment Services Directive (PSD2). The RTS on...

Just ten years ago, the EPC launched the very first Single Euro Payments Area (SEPA) payment scheme, for credit transfers. All national euro credit transfer schemes of the SEPA countries had to be progressively replaced by the pan-European SCT in order to harmonise credit transfer rules in Europe.  This...

BPCE, a major French cooperative banking group (which includes the Banque Populaire and Caisse d’Epargne networks), is the very first payment service provider (PSP) in France to adhere to the SEPA Instant Credit Transfer (SCT Inst) scheme. Most BPCE banks will be ready to propose SCT Inst-based services...

The EPC public consultation on the Mobile Contactless SEPA Card Payments Implementation Interoperability Guidelines (MCP IIGs) is running until 26 January 2018. All interested stakeholders are invited to participate. These guidelines aim to be a reference for all stakeholders working on mobile contactless...

Do you find it difficult to keep up to date on everything that is being published online about payments? We have gathered some of the most interesting (and free) reports published during the fourth quarter of 2017. The views expressed in the below reports are solely those of the authors and should...

We recently organised on our website a poll open to all, in which we asked the following question: ‘When do you think the critical mass of SEPA Instant Credit Transfer transactions will be reached across Europe?’ The results show the confidence of European payment professionals that this new scheme...

The Euro Retail Payments Board (ERPB – a high-level body chaired by the European Central Bank and gathering the supply and demand sides of European retail payments) held its latest meeting on 29 November. Several of the hottest payment topics of the moment were discussed at this meeting. The EPC...

The SEPA Instant Credit Transfer (SCT Inst) scheme created by the European Payments Council is operational. As of today, nearly 600 payment service providers (PSPs) from eight European countries are offering instant payment solutions based on SCT Inst.  Transferring money in less than ten seconds The...