Publications

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The European payment landscape is going through a considerable transformation due to technological developments, entry by new actors and regulatory changes. We interviewed...

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...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Global Legal Entity Identifier Foundation (GLEIF) is the body responsible for managing the implementation of the Legal Entity Identifier (LEI) - a unique global identifier...

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...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Since November 2020, the SEPA Instant Credit Transfer (SCT Inst) scheme has been in use in Slovenia, where six payment service providers (PSPs) have joined the scheme to...

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...

*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 2020, the EPC compiled a list of payment related reports that you can check out and download...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In July 2020, five Spanish banks successfully completed a proof of concept (POC) for an interbank smart payments’ platform managed by Iberpay. To complete the POC, Iberpay...

In the newly published infographic, the EPC reports on how it fulfilled its main objectives in 2020. It has been a challenging but rewarding year with several memorable achievements, including: 2287 payment service providers have already joined the SEPA Instant Credit (SCT Inst) scheme: over 57%...

During the summer of 2020, the European Payment Council (EPC) launched a three-month public consultation on the draft rulebook of its new Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme. The SRTP rulebook public consultation was a great success and generated by the deadline of 30 August...

The EPC Scheme Management Board (SMB) – the body responsible for the administration and evolution of the EPC Single Euro Payments Area (SEPA) payment schemes will be renewed in 2021. In addition to the seats allocated to scheme participant representatives (maximum 20), three seats (including the Chairmanship...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. On 30 November 2020, the European Payment Council (EPC) launched the first version of its Single Euro Payments Area (SEPA) Request-To-Pay (SRTP) scheme rulebook. The SRTP...

The European Payment Council (EPC) published today a brief public information paper titled “Understanding the cash cycle for banknotes: a high-level description of the generic model and some observations” which was created by its Cash Efficiency Working Group (CEWG), aiming to provide a high-level description...

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...

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,...

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...

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...

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...