Publications Inner Nav
14 April 22
Pix: the rapid development of instant payments in Brazil
The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Two years ago, the Brazilian Central Bank decided to launch Pix, an instant payment scheme that the bank developed, manages, operates, and owns. Since its lau
29 March 22
The European Payments Council's 20th anniversary: the transformation of the European payments landscape
This year is very special for the European Payments Council (EPC), which celebrates its 20th anniversary. To mark this occasion, we have interviewed Javier Santamaria, who has been active within the EPC since its creation in 2002 and became Chair in June 2012. We wanted to hear his thoughts on Europ
22 March 22
Request for Proposal to find an Economic Consultant for the definition of a possible business model for the SEPA Payment Account Access (SPAA) Scheme
In June 2021 the Euro Retail Payments Board (ERPB) invited the EPC to take up the role of scheme manager for the development of a SEPA API access scheme related to payment accounts, in line with the requirements defined in the June 2021 report of the ERPB Working Group on a SEPA API Access scheme1(S
16 March 22
Instant payments in Slovakia
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Since January 2022, the SEPA Instant Credit Transfer (SCT Inst) scheme has been in use in Slovakia, where three payment service providers (PSPs) have joined the scheme
07 March 22
Guidelines on cryptographic algorithms usage and key management
The European Payments Council (EPC) published today a new version of the document called “Guidelines on cryptographic algorithms usage and key management”. Its purpose is to provide guidance to the European payment industry in the field of cryptographic algorithms and related key management issues.
28 February 22
Empowering European account-based payments with standardised QR-codes
The world is going contactless. As smartphones spread and our economy goes digital, uptake of contactless payments has accelerated – including account-based mobile payments made using Quick-Response codes, or QR-codes for short. On 16 February 2022, we launched an eight-week public consultation on a
21 February 22
Second release of mobile Initiated SEPA (Instant) Credit Transfer Payments and Technical Interoperability Guidance
The multi-stakeholder group on mobile initiated SEPA (instant) credit transfers (MSG MSCT) has prepared the second release of the document “Mobile Initiated SEPA (Instant) Credit Transfer Payments and Technical Interoperability Guidance” (MSCT IG), originally published in 2019. The document inclu
16 February 22
Public consultation on draft document “Standardisation of QR-codes for MSCTs”
The European Payments Council (EPC) launches today an eight-week public consultation on a new draft document on the Standardisation of Quick-Response (QR)-codes for mobile initiated SEPA (instant) credit transfers (MSCTs ). This document standardises a payee and a payer-presented QR-code for all typ
10 February 22
One-Leg Out: enhancing international euro credit transfers between SEPA and the rest of the globe
On 18 January, we launched a 90-day public consultation on the [Instant] Euro One-Leg Out Credit Transfer ([Inst] Euro OCT) arrangement rulebook. It aims to facilitate the processing of international (instant) credit transfers in euros between SEPA and non-SEPA countries. We interviewed the drafter
03 February 22
Call for European standardisation initiatives in the field of PSD2 API’s to participate in the API Work Block of the SEPA Payment Account Access Multi-Stakeholder Group
At its 24 November 2021 meeting, the EPC Board accepted the Euro Retail Payments Board’s (ERPB) invitation to act as Scheme Manager for a new Single Euro Payments Area (SEPA) Payment Account Access (SPAA) scheme. To develop the scheme, the EPC Board established the SPAA Multi-Stakeholder Gr
31 January 22
SEPA Payment Account Access (SPAA) – developing a new scheme through a multi-stakeholder approach
The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. At its 24 November 2021 meeting, the EPC Board accepted the Euro Retail Payments Board’s (ERPB) invitation to act as Scheme Manager for a new Single Euro Paymen
19 January 22
Around the web – a compilation of some interesting reports about payments published last quarter
The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. Getting lost in the flow of new reports? During the last quarter of 2021, the EPC compiled a list of payment related reports that you can check out and download
18 January 22
Public consultation on the [Instant] Euro One-Leg Out Credit Transfer Arrangement Rulebook
The European Payments Council (EPC) launches today the public consultation on its proposed [Instant] Euro One-Leg Out Credit Transfer ([Inst] Euro OCT) Arrangement Rulebook and the proposed Maximum Amount for Instant Euro OCT Instructions under the [Inst] Euro OCT Arrangement Rulebook (see “Related
14 January 22
European payments: a look at the past, present, and future
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. This time we interviewed Narinda You, our former Vice-Chair and former Head of Strategy and Market Practice at Crédit Agricole Payment Services. We were curious
21 December 21
Brexit reminder: implications for all SEPA payment scheme participants
On 1 January 2021, the UK left the EU Single Market and Customs Union. In the run-up to that date, the European Payments Council (EPC) requested on several occasions all SEPA payment scheme participants to implement the measures described below, to ensure a continued smooth processing of cross-
20 December 21
Call for nominations for open seats in the MSG MSCT Work-Stream on Interoperability of MSCTs based on NFC or BLE
To contribute to the take-up of mobile initiated (instant) credit transfers (MSCT) 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 the Single Euro Payments Area (SEPA) and publi
15 December 21
SEPA Request-to-Pay (SRTP) Scheme - A new driver for innovation in European payments
The Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme managed by the European Payments Council (EPC) covers a set of operating rules and technical elements (including messages) that allow a Payee to request digitally the initiation of a payment from a Payer in a wide range of physical or
06 December 21
2021 Payment Threats and Fraud Trends Report
The European Payments Council (EPC) is committed to contribute to safe, reliable, efficient, convenient, economically balanced and sustainable payments, which meet the needs of payment service users and support the goals of competitiveness and innovation in an integrated European economy. For this
01 December 21
Call for Change Requests to the SEPA Request-to-Pay (SRTP) Scheme Rulebook (version 2.0)
The European Payments Council (EPC) is launching a call for change requests for possible modifications to be introduced into the SEPA Request-to-Pay (SRTP) scheme rulebook (version 2.0). The call starts today and will run until 25 February 2022. How to participate? Any person or organisation w
30 November 21
The EPC publishes the second version of the SRTP scheme rulebook
The Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme rulebook consists of a set of rules, practices and standards that makes it possible for any eligible SEPA RTP Service Provider to join, participate and operate in the SRTP scheme. The SEPA Request-to-Pay (SRTP) scheme allows a Paye