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In the newly published infographic, the EPC reports on how it fulfilled its main objectives in 2019. It was an important year with several memorable achievements, including: Extension of the geographical scope of the Single Euro Payments Area (SEPA) payment schemes as of March 2019 with the Principality...

After the publication of the “Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance” (MSCT IG) document, the ad-hoc multi-stakeholder group on MSCTs, through a dedicated work-stream, published today a new document named ”Technical Interoperability for MSCTs based on payee-presented...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Today we start a series of articles representing the views of various stakeholders on the implementation of the revised Payment Services Directive (PSD2).  What are...

To contribute to the creation of awareness on payment threats and fraud trends, and to help payment stakeholders decide on possible actions, the EPC publishes the yearly Payment Threats and Fraud Trends Report. Since security is one of the cornerstones of customers’ trust in payment systems, the...

*The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. The landscape of payment solutions in the retail market is undergoing transformation and Request to Pay (RTP) is gathering momentum. Last week we issued a guidance document...

Developed by the ad-hoc multi-stakeholder group (MSG) on Mobile Initiated SEPA Credit Transfers (MSCT), including SEPA Instant Credit transfers (SCT Inst) (MSG MSCT), the draft MSCT Interoperability Implementation Guidelines (IIGs) (including SCT Inst) went through the public consultation until the end...

The Multi-stakeholder Group on E-invoice Presentment and Payment (EIPP), the group responsible for coordinating the work on standardisation of ISO 20022 messages for EIPP, completed its task for 2019.  Today the EPC publishes the MSG’s report which sets out the work done in 2019 and provides...

The Request-To-Pay (RTP) Multi-Stakeholder Group (MSG) has been set up last year aiming to analyse and prepare the concrete and rapid exploitation of the RTP functionality from a broader perspective. Today, the EPC published a guidance document called “RTP: Specifications for a standardisation framework”...

The 2019 Single Euro Payments Area (SEPA) Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst), SEPA Direct Debit (SDD) Core and SDD Business-to-Business (B2B) rulebooks version 1.0 entered into force on 17 November 2019 and are applicable until 21 November 2021. The EPC SEPA payment scheme...

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Over the last five years, an evolution has taken place in Greece towards a more integrated retail payments market. While other traditional means of payment, such as cheques,...

The first “Recirculation Paper” was issued by the EPC’s Cash Efficiency Working Group (CEWG) last year in June. Today, the EPC publishes its revised version.   The “Recirculation Paper” aims to foster the best and most efficient ways to handle cash in the first levels of the cash circulation...

*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. According to recent figures from industry association UK Finance, one in ten UK adults now live a largely cashless life – in part thanks to the growing acceptance of contactless...

*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 third quarter of 2019, EPC compiled a list of reports highlighting payment trends, statistics, fintech and open banking. Getting lost in the flow of new...

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. As of March 2019, the Centre for Exchange and Clearing (CEC), the Belgian automated interbank payment system for retail payments, initiated their instant payment platform...