News

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 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 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...

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...

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 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 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...

*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 2021, we gathered a list of recent and free reports that shine a spotlight on payments future and trends as well as other interesting...

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...

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...

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, the European Payments Council (EPC), launched a request for proposal for an homologation body for applicants to the SRTP scheme on 19 February 2021.  As...

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, the European Payments Council (EPC) launches today a request for proposal for an homologation body for applicants to the SRTP scheme. The purpose is to find and...

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...

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,...

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...

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...