Publications

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Over years and even decades, we’ve witnessed growing changes in the way Canadians pay. The payments ecosystem is rapidly evolving. Canada’s economic and financial welfare...

The European Payments Council (EPC) launches today the public consultation on the change requests for the 2023 Single Euro Payments Area (SEPA) Credit Transfer and SEPA Direct Debit scheme rulebooks. All stakeholders are invited to have their say on these change requests from 13 September to...

As part of the launch of the new SEPA Request-to-Pay (SRTP) scheme and following the publication of its first rulebook on 30 November 2020 and of a dedicated Request for Proposal (RfP), the European Payments Council (EPC) selected the homologation body to which the EPC outsources the homologation...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. After analysis, experiments and input from citizens and professionals, the Governing Council of the European Central Bank (ECB) has decided to launch the investigation...

The SEPA Payment Account Access Multi-Stakeholder Group (SPAA MSG) is expected to be established by the EPC following an invitation from the ERPB at its 28 June 2021 meeting for the EPC to take up the role of manager of a pan-European scheme in relation to access to payment accounts , in line with the...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Although electronic payments are gaining popularity in Cyprus, cash is still king. Nevertheless, there are clear signs that the Cypriot payments landscape is entering a...

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 second quarter of 2021, we gathered a list of recent and free reports that are highlighting the future of payments, open banking and other interesting...

The ad-hoc multi-stakeholder group on mobile initiated SEPA (instant) credit transfers (MSCTs) launched today a public consultation on the draft second version of the “Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance (MSCT IG – EPC269-19)”, originally published in 2019. The...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The UK payments industry highly values the work of the European Payments Council (EPC) and its members ensured the UK retained its membership of the Single Euro Payments...

Today the EPC published the version 1.7 of the Clarification Paper on Single Euro Payments Area (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) rulebooks. The objective of this new document is to offer information and recommendations to the scheme participants. This version...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. SWIFT (Society for Worldwide Interbank Financial Telecommunication), one of the largest financial messaging systems in the world’s international payment network is constantly...

Today, the first version of the Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme rulebook enters into force (see in “related document”). The 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,...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme covers a wide range of use cases and business models, applicable in many sectors. The scheme can be considered...

The views expressed in this article are solely those of the author and not necessarily those of the BIS or CPMI and they should not be attributed to the European Payments Council.  The Committee on Payments and Market Infrastructures (CPMI), the global standard setter that aims to enhance the...

The European Payments Council (EPC) launches today a 90-day public consultation on possible changes to the SEPA Request-to-Pay (SRTP) scheme rulebook.  The 2021 three-month public consultation on possible modifications to this rulebook takes place from 25 May to 27 August 2021. All interested...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. SurePay was founded in 2016, providing the Confirmation of Payee (CoP) to all major Dutch banks since 2017 and recently implemented this service in the United Kingdom (UK)....

The SEPA Request-to-Pay (SRTP) is the latest European Payments Council’s (EPC) scheme that covers the set of operating rules and technical elements (including messages) that allow a payee to request the initiation of a payment from a payer in a wide range of physical or online use cases. During the past...

Payment Service Providers (PSPs) and non-PSPs across Europe can now apply for adherence to the European Payments Council’s (EPC) SEPA Request-to-Pay (SRTP) scheme ahead of its effective date and pending the announcement of its homologation body.  As part of its vision to support an increasingly...

The European Payments Council (EPC), as a scheme manager, endeavours to adequately address fraud risks in the context of its Single Euro Payments Area (SEPA) payment schemes. Therefore, in February 2021, the EPC decided to develop a SEPA-wide “Malware Information Sharing Platform” (“MISP”) instance for...