The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council.Spain pioneered the adoption of the SEPA Instant Credit Transfer (SCT Inst) scheme at its inception. This initiative has not only transformed the payment landscape but has

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 this article are solely those of the author and should not be attributed to the European Payments Council.The European payments landscape is witnessing significant transformations driven by technological advancements, the emergence of new players, and regulatory shifts. We rec

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

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council.The building blocks of an open, pan-European payment method are in place: SEPA Instant Credit Transfers (SCT Inst) and open banking to turn them into a payment method. The

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