Publications

Insight

13 April 21

Empowering European payments with SCT Inst

The instant payments space had been gaining significant traction in recent years, and access to immediate funds has become paramount for consumers and businesses in particular in the current pandemic. We launched the SEPA Instant Credit Transfer (SCT Inst) scheme almost three and a half years ago, and...

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Insight

25 March 21

The PCI Security Standards maintaining payment security

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Payment Card Industry Security Standards Council (PCI SSC) is a global organisation that maintains, evolves and promotes PCI standards for the safety of cardholder...

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News

16 March 21

Guidelines on Cryptographic Algorithms Usage and Key Management

Today the European Payments Council (EPC) published a new version of the guidelines on cryptographic algorithms usage and key management. The purpose of this document is to provide guidance to the European payment industry in the field of cryptographic algorithms and related key management issues. As...

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Insight

11 March 21

The Spunta project – blockchain for Italian interbank reconciliation

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Spunta Banca distributed ledger technology (DLT) is a project promoted by the Italian Banking Association (ABI) and coordinated by ABI Lab. It has been fully operational...

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News

10 March 21

Public consultation on new MSCT use cases and interoperability models

The ad-hoc multi-stakeholder group on Mobile Initiated SEPA (Instant) Credit Transfers, (MSG MSCT), which is facilitated by the European Payments Council (EPC) has developed a document “New MSCT use cases and interoperability models” (see in “related documents”). This document provides an analysis...

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Insight

25 February 21

European payments: looking back and ahead

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The European payment landscape is going through a considerable transformation due to technological developments, entry by new actors and regulatory changes. We interviewed...

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Insight

11 February 21

The opportunity for the LEI in 2021

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Global Legal Entity Identifier Foundation (GLEIF) is the body responsible for managing the implementation of the Legal Entity Identifier (LEI) - a unique global identifier...

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News

05 February 21

Clarification Paper on the SEPA Request-to-Pay scheme rulebook

Today the European Payments Council (EPC) published its clarification paper on the Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme rulebook which can be found in “related document”.  The purpose of this document is to provide guidance and, where feasible, recommendations to the...

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News

01 February 21

SEPA Request-to-Pay Implementation Guidelines Version 1.0

Today the European Payments Council (EPC) published version 1.0 of the Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) Implementation Guidelines (IGs). These IGs set out the rules for implementing the relevant ISO 20022 XML message standards based on version 1.0 of the SRTP scheme rulebook,...

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News

01 February 21

Call for input on the SEPA Proxy Lookup (SPL) scheme

The EPC launches a public call for input to gather suggestions on the opportunities, potential evolution and improvements related to the SEPA Proxy Lookup (SPL) scheme. The purpose of this call is to understand what are the market needs to ensure that any future  development of the SPL scheme will...

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Insight

26 January 21

Instant payment environment in Slovenia

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Since November 2020, the SEPA Instant Credit Transfer (SCT Inst) scheme has been in use in Slovenia, where six payment service providers (PSPs) have joined the scheme to...

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News

20 January 21

Call for nominations for five open seats in the MSG MSCT Plenary

To contribute to the take-up of mobile initiated (instant) credit transfers (MSCTs) in Europe, the EPC created in 2018 an ad-hoc multi-stakeholder group (MSG MSCT). The group has been focusing during the past years on the interoperability of MSCTs across Single Euro Payments Area (SEPA) and published...

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News

06 January 21

2020 - a year to remember

In the newly published infographic, the EPC reports on how it fulfilled its main objectives in 2020. It has been a challenging but rewarding year with several memorable achievements, including: 2287 payment service providers have already joined the SEPA Instant Credit (SCT Inst) scheme: over 57%...

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