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On 7 March 2019, the EPC published its decision paper on Brexit and United Kingdom (UK) payment service providers’ (PSPs) participation in the EPC Single Euro Payments Area (SEPA) payment schemes. The EPC Board approved the application from UK Finance for the continued participation of UK PSPs in the...

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) were subject to a public consultation which is now...

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 2019, EPC gathered a list of recent reports that shine a spotlight on interesting topics such as artificial intelligence in financial...

The financial sector has seen a rapid increase in adoption of electronic identification (eID), therefore, the EPC invited professionals working in the payments industry to share their views on the future of eID by participating in the poll. The question asked over the last two months to all interested...

As of the entry into force of the 2019 Single Euro Payments Area (SEPA) Credit Transfer (SCT) rulebook on 17 November 2019, the SCT scheme contains a new annex V describing the Extended Remittance Information (ERI) option. The EPC published today a guidance document which provides detailed information...

*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Dutch payment service providers (PSPs) community is one of frontrunners in the instant payments field: some Dutch PSPs were among the first to adhere to Single Euro...

In 2019, the Electronic Invoice Presentment and Payment Multi-Stakeholder Group (EIPP MSG) has been working on developing technical standards for the servicing messages based on the design delivered in 2018 and seeks to submit the ISO 20022 Registration Authority request to ISO 20022 by October 2019....

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. 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),...

In recent years, non- Near Field Communication (NFC) proximity technologies (e.g. QR-codes, Bluetooth-Low-Energy (BLE)) have been introduced in the market for various mobile payment services to enhance the consumer experience and to bring additional functionality and services to the customer (e.g. integration...

In 2017, Banque de France launched MADRE, a project using blockchain to improve the interbank system to enable the exchange of Single Euro Payments Area (SEPA) creditor identifiers between SEPA Direct Debit (SDD) scheme participants. Today, four large French banks have already joined the project and...

The European Payments Council (EPC) published today the version 1.4 of the EPC clarification paper on the Single Euro Payments Area   (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer         (SCT Inst) rulebooks as well as the version 1.2 of the EPC clarification...

The EPC launches today a three-month public consultation on possible modifications to the SPL scheme rulebook 2019.  To meet the demands of the scheme participants and stakeholders including end-users and Payment Service Provider (PSP) communities, the SPL scheme is subject to a change management...

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) are now published for a 3-month public consultation.  MSG...

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Transfond developed a local currency Instant Payments (IP) system based on the SEPA Instant Credit Transfer Scheme (SCT Inst) in Romania. The system was recently launched...

The ad-hoc multi-stakeholder group (MSG) on Mobile Initiated SEPA Credit Transfers, including instant transfers (MSG MSCT), facilitated by the EPC, has finalised the draft Mobile Initiated SEPA Credit Transfer Interoperability Implementation Guidelines (MSCT IIGs) which is ready to be published soon...

The European Payments Council (EPC) calls for candidates representing European associations of end-users of the EPC SEPA schemes who wish to become a Scheme End-User Forum (SEUF) member, and for candidates representing technical players who want to be an EPC Scheme Technical Forum (ESTF) member as of...

The Single Euro Payments Area Proxy Lookup (SPL) scheme managed by the European Payments Council (EPC) covers the exchange of the data necessary to initiate payments between proxy-based payment solutions on a pan-European level. Based on this scheme, the SPL service has been ready for market use since...