As previously communicated each VOP scheme participant is uniquely identified in the ROP and in the EDS only by one BIC (the “participant BIC”), provided during the VOP scheme adherence process in the Schedule to the Adherence A
The EPC does not have the possibility to monitor this.
The EPC cannot provide any legal advice about compliance with legal regulations. Each scheme participant and market operator (including RVMs) must conduct their own compliance evaluations.
25 July 25
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 2025, we gathered a series of reports focused on the payments industry. This collection not only explores the future and evolution of paymen
As mentioned in the VOP scheme API specifications, only the Latin characters set should be transported in the inter-PSP API messages, through UTF-8. This restriction has been agreed in order to overcome the complexity that
There is no process to inform other scheme participants about planned maintenance foreseen in the VOP scheme.
The EDS is actually based on two sub-systems.
The VOP API specifications include a number of timestamp fields in the headers and body. The format of these timestamps does not allow for trailing zeroes for milliseconds.
24 July 25
To support applicants of the SEPA Request-to-Pay (SRTP) scheme in implementing the scheme rulebook and related Application Programming Interface (API) messages prior to homologation or going live, the European Payments Council (EPC) strongly recommends conducting preliminary testing using dedicated
