News

The Routing and/or Verification Mechanism Multi-Stakeholder Group (RVM MSG) met on 7 May 2026 to review the latest developments of the Verification of Payee (VOP) scheme and ongoing work towards VOP 2.0.The group noted the continued growth of the scheme, with VOP reaching close to one billion reques

The EPC has published a new resource on the SEPA Request-to-Pay (SRTP) scheme to clarify information in the current version 4 of the SEPA Request-to-Pay scheme rulebook.With this additional clarification, the EPC aims to avoid a fragmented approach in the way the SRTP scheme rulebook is implementedT

The European Payments Council (EPC) has published the minutes of the kick‑off meeting of the Routing and/or Verification Mechanisms Multi‑Stakeholder Group (RVM MSG), marking the formal start of this new EPC multi‑stakeholder forum.The meeting took place online on Wednesday 15 April 2026 and brought

Following the successful completion of the ART (API Reference Toolbox) v1.1 pilot phase, the EPC is pleased to announce that the platform will now be officially available to all participants as of 7 May 2026 to support the rollout of VOP v1.1.ART v1.1 is now open for all participants to:Execute and

The European Payments Council (EPC) is making available some guidelines to support the optional exchange of data sets under the Verification Of Payee (VOP) scheme similar to an inquiry process. The guidelines aim to support a rapid, transparent and structured handling of issues between VOP sche

 The European Payments Council (EPC) has announced a change in Chairpersonship of its Dispute Resolution Committee (DRC) following the completion of Chairperson Barbara Hadfield’s mandate on 31 March 2026. From 1 April 2026 and continuing for three years the leadership of the DRC will be t

The EPC has initiated a public consultation on change requests for its VOP rulebook version 2.0 which runs from 1 April – 30 June 2026.This public consultation is part of the change management process of the EPC payment-related schemes regularly organised by the EPC.About the VOP scheme rulebookThe

The European Payments Council (EPC) has released a video explaining the One-Leg Out Instant Credit Transfer (OCT Inst) scheme and its role in improving international payments.The video illustrates how the OCT Inst scheme enables Payment Service Providers (PSPs) in Europe to offer faster, transparent

The EPC has published guidelines outlining the recommended approach to increasing adoption of the SEPA Request-to-Pay (SRTP) scheme.This ‘Federated Approach’ aims to lay the foundation for a future-proof solution and promote a smooth and progressive transition for intra-community initiatives to the

Today the European Payment Council (EPC) issued its yearly update of the Guidelines on cryptographic algorithms usage and key management which provides guidance to the European payments industry in the field of cryptographic algorithms, security protocols, confidentiality and integrity protection an

Today, the European Payments Council (EPC) launched three key updates linked to the Verification Of Payee (VOP) scheme rulebook, Application Programming Interface (API) specifications, and API Security Framework which will become effective on 20 September 2026.The VOP scheme provides a set of inter-

Today, the European Payments Council (EPC) initiated a public consultation on change requests for all five EPC payment scheme rulebooks (SEPA Credit Transfer (SCT), SCT Instant (SCT Inst), SEPA Direct Debit (SDD), SDD Business-to-Business (SDD B2B) and One-Leg Out Instant Credit Transfer (OCT Inst))

The European Payments Council (EPC) has launched a public consultation to explore the possible role of the EPC in the interoperability of payment solutions based on the SEPA Instant Credit Transfer (SCT Inst) scheme at the Point Of Interaction (POI). This consultation runs from 6 March to 10 April 2

The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council.In the last quarter of 2025, we gathered a series of reports focused on the payments industry. This collection not only explores the future and evolution of payments

The European Payments Council (EPC) has launched today a request for information (RFI) to identify organisations interested in providing, operating and supporting a Central Platform for its Fraud Information Distribution Arrangement (FRIDA) Scheme.The initiative anticipates the upcoming European Uni

The European Payments Council (EPC) is delighted to announce three new members joining the EPC as of 1 January: Bits, Revolut Bank and Wise. New membership is a testimony of growing industry interest in the EPC as a key player promoting standardisation, innovation in the collaborative space, and inc

Today, the European Payments Council (EPC) launched two key publications linked to the Verification Of Payee (VOP) scheme rulebook (and related documents).First, the EPC is conducting a public consultation on urgent change requests to be introduced into a new version 1.1 of the VOP scheme rulebook (

The European Payments Council’s (EPC) Dispute Resolution Committee (DRC) – the body responsible for the compliance function of scheme management - entered into force on 1 April 2020, when the revised EPC By-laws as well as the Dispute Resolution Committee Mandate became effective. Three seats i

The European Payments Council (EPC) today published the 2025 update of the Payment Threats and Fraud Trends Report, providing a detailed overview of the most significant threats and “fraud enablers” in the payments landscape, with a focus on recent attacks and the broader attack vector landscape.Key

The European Payments Council (EPC) has determined that the launch of the Verification of Payee (VOP) scheme on 5 October 2025 was a remarkable collective success for the community of European payment service providers (PSPs) and their technology service providers. This joint effort has delivered a