Publications

News

08 December 20

Technical interoperability of MSCTs based on payer-presented data

Following the publication of the “Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance” (MSCT IG) document in November 2019, the ad-hoc multi-stakeholder group on MSCTs (MSG MSCT) has conducted a more detailed analysis on the technical interoperability of MSCTs based on payer-presented...

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News

07 December 20

2020 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 reason,...

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News

30 November 20

The EPC publishes the first SRTP scheme rulebook

Following a three-month public consultation, and in close collaboration with stakeholders from the entire payment value chain, the EPC publishes today the first version of the Single Euro Payments Area (SEPA) Request-To-Pay (RTP) scheme rulebook. The SRTP scheme covers the set of operating rules and...

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News

26 November 20

Publication of the 2021 EPC SEPA payment scheme rulebooks

Today the EPC published the 2021 EPC SEPA payment scheme rulebooks and the related Implementation guidelines (IGs). All 2021 EPC SEPA payment scheme rulebooks enter into force on 21 November 2021. To ensure planning security for all market participants, the publication of the new rulebook versions follows...

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News

24 November 20

Results of the EPC poll on future share of SCT Inst volumes

November 2017 marked a major event in an increasingly instant world: the launch of the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables credit transfers in ten seconds – or less – across the SEPA. Since its launch, the SCT Inst scheme has kept on growing, and the latest...

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Insight

19 November 20

The Nordic Payments Council is creating the new Nordic payment schemes

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Nordic Payments Council (NPC) developed the first Nordic payment schemes, based on and close to the European Payments Council’s (EPC) Single Euro Payments Area (SEPA)...

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Insight

04 November 20

Country profile: cashless Iceland

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Did you know that bank cards are ubiquitous in Iceland and that local banks are all involved in projects to increase public awareness on the importance of financial literacy?...

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News

03 November 20

Brexit reminder: how to get ready for the end of the transition period

As of 1 January 2021 the United Kingdom (UK) is set to leave the single market and customs union, either with an European Union (EU) - UK deal, negotiated during the transition period, or without it (i.e. "no-deal" Brexit). The UK will at that point maintain participation in the Single Euro payments...

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News

30 October 20

The updated version 1.2 of the 2019 EPC SEPA payment scheme rulebooks

The European Payments Council (EPC) publishes today the updated version 1.2 of the 2019 SEPA payment rulebooks. The version 1.2 has no impact on the business and operational rules compared to the versions 1.0 and 1.1 of the 2019 rulebooks, or on any specification in the related implementation guidelines. The...

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Insight

22 October 20

The new Retail Payments Strategy for the EU

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) initiative has been a key enabler for the integration of the retail payments market in the European Union (EU): the development of...

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Insight

07 October 20

ECB takes steps to ensure pan-European reach of instant payments

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The European Central Bank’s (ECB) Governing Council, in line with the European Commission’s (EC) objectives, has taken an important move towards the full reach of instant...

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News

30 September 20

Call for an independent member for the Scheme Management Board

The EPC Scheme Management Board (SMB) – the body responsible for the administration and evolution of the EPC Single Euro Payments Area (SEPA) payment schemes – is inviting interested parties to apply for a vacancy for an 'independent member', effective from 18 November 2020 to 28 April 2021, with the...

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Insight

23 September 20

Country profile: digital and instant payments are the norm in Estonia

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We continue our series of European payment landscapes with a profile of Estonia. Estonia is a frontrunner for card payments, and its PSP community was among the first to...

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News

22 September 20

Some 2020 change requests entering into force in November 2023

In September 2020, the EPC decided to migrate all its SEPA payment schemes to the 2019 version of the ISO 20022 message standard by 19 November 2023 i.e. the entry-into-force date of the 2023 EPC SEPA payment scheme rulebooks. This implementation combined with possibly new/amended business and/or functional...

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Insight

09 September 20

EPI: towards a new European payment solution?

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In early July a group of major European banks announced the launch of the European Payments Initiative (EPI) with the aim of creating a unified payment solution for consumers...

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News

23 July 20

Updated Intra-EU Mobility infographic

The Single Euro Payments Area Proxy Lookup (SPL) scheme covers the exchange of the data necessary to initiate payments between proxy-based mobile payment solutions on a pan-European level, aiming to facilitate interoperability between participating payment solutions. For those interested in joining...

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Insight

13 July 20

UK’s rollout of Confirmation of Payee

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. After a few years in development, a new Confirmation of Payee (CoP) system was rolled out last month by UK banks. In short, the CoP enables consumers to see whether the...

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