News

Today the European Payments Council (EPC) Board has approved the inclusion of Montenegro and Albania in the geographical scope of the Single Euro Payments Area (SEPA) payment schemes. The geographical scope of the SEPA payment schemes now covers 38 countries.As a result, all existing EPC paymen

The European Payments Council (EPC) has officially released the updated Application Programming Interface (API) security framework aimed at bolstering the security-related requirements for participants in the Verification Of Payee (VOP), SEPA Request-to-Pay (SRTP), and SEPA Payment Account Access (S

Today the European Payments Council (EPC) has published the Verification Of Payee (VOP) Application Programming Interface (API) Specifications, which set out the rules for implementing VOP-related APIs in accordance with version 1.0 of the VOP scheme rulebook. These specifications will take effect o

Following a public consultation, the European Payments Council (EPC) has officially issued the first version of the Verification of Payee (VOP) scheme rulebook. This rulebook is designed to support payment service providers (PSPs) across the Single Euro Payments Area (SEPA) in meeting the new regula

The European Payments Council (EPC) multi-stakeholder group on mobile-initiated SEPA (instant) credit transfers (MSCTs) has published the third release of its "Mobile Initiated SEPA (Instant) Credit Transfer and Technical  Interoperability Guidance" This updated version follows a public consult

The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council.In the third quarter of 2024, we gathered a series of reports focused on the payments industry. This collection not only explores the future and evolution of payment

Regulation (EU) 2024/886, commonly referred to as the Instant Payments Regulation (IPR), entered into force in April 2024, bringing significant changes to the SEPA Regulation. This new regulation introduces new mandatory requirements for instant credit transfers in Euro, impacting Payment Service Pr

The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council.In the second quarter of 2024, we compiled a series of payment-related reports. This collection not only explores the future and evolution of payments but also delve

The European Payments Council (EPC) is pleased to announce that Adyen and Banking Circle will join as new members starting from 1 July. This collaboration marks a pivotal moment in fostering innovation, cooperation, and inclusivity within the realm of digital payments across Europe.Giorgio Andreoli,

The European Payments Council (EPC) multi-stakeholder group on mobile-initiated SEPA (instant) credit transfers (MSCTs) has prepared the draft for the third release of the "Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance".Following the previous release in February 2022, thi

The European Payments Council (EPC) launched a public ‘call for interest’ to participate in the SEPA Payment Account Access (SPAA) scheme tactical pilot. This initiative is aimed at Asset Holders (i.e., Account-Servicing Payment Service Providers (ASPSPs)) and Asset Brokers (e.g., Payment Initiation

In light of recent regulatory developments outlined below, the Payment Scheme Management Board (PSMB) of the European Payments Council (EPC) has decided to revise the entry-into-force dates of the 2025 rulebooks for the SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst), SEPA Direct

We are pleased to announce that Iberpay and Santander are the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme. Iberpay will act as a Clearing and Settlement Mechanism (CSM) for OCT Inst transactions via Santander, and will also be a scheme participant in the

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 first quarter of 2024, we compiled a collection of payment-related reports. This selection not only delves into the future and evolution of payments but a

Today, the European Payments Council (EPC) launched a public ‘call for interest’ to identify European Application Programming Interface (API) standardisation initiatives that already developed or intend to develop API specifications compliant with the SEPA Payment Account Access (SPAA) scheme rulebo

Today, the European Payments Council (EPC) initiated a public consultation on change requests for all five EPC payment scheme rulebooks. This consultation runs from 12 March to 9 June 2024.This public consultation is part of the change management process of the EPC payment schemes regularly organise

Today the European Payments Council (EPC) launched a public consultation on the Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme rulebook change requests. The consultation will run for a period from 12 March up to and including 9 June 2024.More information about the public consultation

Today the European Payments Council (EPC) launches a public consultation on the Verification Of Payee (VOP) scheme rulebook. The consultation will run for a 90-calendar day period from 20 February up to and including 19 May 2024. All interested stakeholders are invited to participate in the publi

Staying up to date with the latest news and trends in payments? Kick off the new year well-informed with the latest insights from the industry. See here for our list of free, recently published payment-related reports from a variety of sources, all in one place for your convenience. Follow the

We are happy to announce TrueLayer as the first participant to the SEPA Payment Account Access (SPAA) scheme!  This marks a first important milestone for the scheme, which is open for scheme adherence since December 2023. The SPAA scheme covers the set of rules, practices and standards th