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The European Payments Council (EPC) publishes today the final version of 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 types of MSCTs, i.e. all payment contexts:

Today the European Payments Council (EPC) is launching a public consultation on the draft rulebook of its new SEPA Payment Account Access (SPAA) Scheme and on a related document concerning a possible additional ‘premium’ functionality that would allow asset brokers to request a payment with transact

During the past two months, the European Payments Council (EPC) invited professionals working in the payments industry to answer the following question: “In your opinion, which proximity technology will see the largest adoption for instant payments at the physical point of interaction in the coming

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 documents”.  The purpose of the clarification paper is to provide guidance and, where feasible, recommendat

Today the European Payments Council (EPC) is launching a public consultation on possible modifications to the SEPA Request-to-Pay scheme rulebook. The consultation will run for a 90-calendar day period from 25 May up to and including 26 August 2022. All interested stakeholders are invited to part

Today the European Payments Council (EPC) published the version 1.0 of the 2023 EPC SEPA payment scheme rulebooks. All 2023 EPC SEPA payment scheme rulebooks enter into force on 19 November 2023. To ensure planning security for all market participants, the publication of the 2023 rulebook versions f

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 2022, we gathered a list of recent and free reports that shine a spotlight on payments’ future and trends as well as other interestin

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

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.

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

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

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

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

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

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-

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

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

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

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

At its 28 June 2021 meeting the Euro Retail Payments Board (ERPB) formally invited the EPC to take up the role of Scheme manager of a SEPA API Access Scheme in relation to payment accounts, in line with the requirements defined in the June 2021 report of the ERPB Working Group on a SEPA API Access S