Publications

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...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Bulgarian payment services company BORICA AD launched BLINK, its local-currency (lev) instant payments project, at the beginning of this month. The project is compliant...

*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...

The instant payments space had been gaining significant traction in recent years, and access to immediate funds has become paramount for consumers and businesses in particular in the current pandemic. We launched the SEPA Instant Credit Transfer (SCT Inst) scheme almost three and a half years ago, and...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Payment Card Industry Security Standards Council (PCI SSC) is a global organisation that maintains, evolves and promotes PCI standards for the safety of cardholder...

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 views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Spunta Banca distributed ledger technology (DLT) is a project promoted by the Italian Banking Association (ABI) and coordinated by ABI Lab. It has been fully operational...

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...