19 September 25
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
The aim of this document is to provide clarifications about the BIC (Business Identifier Code) to be used to corre
Background: services that can be offered by EMIs
02 September 25
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
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.
Priority 1 URI should always be used by the Requesting PSP as the “default” URI.
URI(s) with lower priorities may be used e.g. as alternative backup reachability endpoints, in case Priority 1 URI is not reachable.
• The rulebook does not say that the calculation requires a subtraction between the requested date-time and the responding date-time.
The EDS related documentation will be published progressively in March and April 2025.
As described in detail in the VOP API specifications and the
01 August 25
The European Payments Council (EPC) is announcing that the EPC Directory Service (EDS) supporting the Verification Of Payee (VOP) scheme will be launched in LIVE mode on 2 September 2025.The VOP scheme participants and the Routing and/or Verification Mechanism (RVMs) have been testing the EDS in an
