News

07 October 25

Important update about the 2025 EPC payment scheme rulebooks

The European Payments Council (EPC) has released version 1.1 of all five 2025 EPC payment scheme rulebooks, which took effect on 5 October 2025. Alongside these updates, the EPC has also published updated Implementation Guidelines (IGs) and other related supporting documents.In version 1.1 of the fi

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News

02 October 25

VOP Scheme IBAN-to-BIC Test Cases

The European Payments Council (EPC) has published today a list of standard test cases consisting of reference IBANs, the Bank Identification Codes (IBAN-prefixes) and the corresponding Account Holding BICs. In the EPC Verification Of Payee (VOP) scheme, reachability of Payment Service Providers

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News

01 October 25

SRTP scheme – launch of the simplified homologation process

Following the 2024 change management cycle and the need expressed by the market to simplify the SEPA Request-to-Pay (SRTP) scheme adherence process and especially the homologation process, the European Payments Council (EPC) is launching on 1st October 2025 a new  simplified homologation proces

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News

26 September 25

Call for candidates: SEU MSG and STP MSG Membership

In 2021, the European Payments Council’s (EPC) Board established two multi-stakeholder groups to strengthen dialogue with key stakeholders: the Scheme End-User Multi-Stakeholder Group (SEU MSG), representing European associations of end-users  and the Scheme Technical Player Multi-Stakeholder G

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Insight

19 September 25

TerraPay joins the European Payments Council

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council.We spoke with Marco Boldini about TerraPay’s mission to simplify cross-border payments, the challenges in account-to-account (A2A) transactions, and the company’s contribu

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News

02 September 25

The EDS goes live to support the VOP scheme

The European Payments Council (EPC) is gladly announcing that the EPC Directory Service (EDS) supporting the Verification Of Payee (VOP) scheme was successfully launched today, 2 September 2025, in LIVE mode.All VOP scheme participants, Routing and/or Verification Mechanisms (RVMs), and their users

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Regarding the schemeNameCode enumeration values that are listed under the ExternalOrganisationIdentification1Code list and while format validations are provided for SREN and SRET, we could not find format details for the other codes such as: BANK, CBID, CHID, CINC, COID, CUST, DUNS, EMPL, GS1G, TXID, BDID, and BOID. Could you please confirm if there are any format validations or constraints available for these remaining codes? And provide them to us, if possible.

For the codes such as BANK, CBID, CHID, CINC, COID, CUST, DUNS, EMPL, GS1G, TXID, BDID and BOID, ISO 20022 does not provide explicit format validations.