News

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...

Updated 2017 EPC SEPA scheme rulebook versions for the SEPA Credit Transfer (SCT) scheme, the SEPA Instant Credit Transfer (SCT Inst) scheme, the SEPA Direct Debit Core (SDD Core) scheme and the SDD Business-to-Business (SDD B2B) scheme have been published on 22 November 2018 and are effective as of...

The EPC Single Euro Payments Area (SEPA) scheme rulebooks are updated every two years to reflect market needs and evolutions in the technical standards. We have just published the new versions of the four EPC SEPA scheme rulebooks as a result of the rulebook change management cycle that started in 2017....

The multi-stakeholder group on mobile contactless SEPA card payments (MSG MCP), facilitated by the EPC, has developed a white paper to create awareness on the use by mobile card payment solutions of non-NFC (Near Field Communication) proximity technologies (e.g. QR-codes, Bluetooth-Low-Energy (BLE)).  In...

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 2018, we gathered a list of recent reports that shine a spotlight on interesting topics such as artificial intelligence, digital payments,...

Explore more about the global market trends, payments industry, real-time payments and open banking challenges in a selection of recent and free reports that we have gathered during the second quarter of 2018. The views expressed in the below reports are solely those of the authors and should not...

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...