The EPC Launches the SEPA Credit Transfer and SEPA Direct Debit Rulebo...

The EPC Launches the SEPA Credit Transfer and SEPA Direct Debit Rulebook Public Consultations

31 March 16

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As part of the evolution of the Single Euro Payments Area () Credit Transfer () scheme, the Direct Debit Core () and the SDD Business-to-Business () schemes, and in line with its commitment to stakeholders’ involvement, the launches today the public consultations on possible modifications to these schemes.

All payment stakeholders, Payment Service Providers (), end users, and technical players, can participate in the public consultations. They will last for three months and will therefore end on 4 July 2016.

These public consultations are designed to ensure that the schemes reflect the evolution of ’ needs and those of their customers, as well as technological changes.

A call for suggestions to amend the rulebooks, which are the technical and business rules governing the schemes and to be followed by the scheme participants, ended in December 2015. The has registered nearly 40 change requests from various banking and stakeholder communities, including change requests from the itself. All have been included in the public consultation documents.

Examples of change requests include:

  • A recommendation of the Euro Retail Payments Board to make the Customer-to-Bank (C2B) Implementation Guidelines mandatory for and SDD scheme participants.

In case an originator or an SDD creditor wishes to use these C2B file specifications for its /SDD initiation message files, they will have the certainty that every /SDD scheme participant is technically capable to process their and SDD transactions based on these specifications.

  • Propositions from payment service users related to the extension of structured and unstructured remittance information, and to the combination of these two types of information in payment messages. The itself suggested making additional information available outside of the /SDD message in the “cloud”.  

Detailed information about the change requests is available in the “Related links” below.

How to participate in the public consultations?

Stakeholders wishing to comment on the change requests can fill in the response templates (available for each scheme in the below links), and send them to, until 4 July 2016.

What will happen after the public consultations?

Change requests that find broad acceptance in the overall payment community, and that are technically and legally feasible, will be taken forward. In order that the schemes evolve in line with the requirements of the majority of all market participants, the change requests lacking of a broad support will be dropped.

The will, in November 2016, publish the updated rulebooks and implementation guidelines that will enter into force one year later. This will ensure enough time is left for scheme participants to implement the necessary changes in their systems.

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