1518 results

About SEPA

The introduction of the euro as the common currency for millions of Europeans was a great advance in European integration, but it was just the first step towards European payments harmonisation.

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SEPA goals and benefits

The Single Euro Payments Area (SEPA) is a European Union (EU) payments integration initiative aimed at harmonising electronic euro payments in Europe.

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Insight

29 January 20

The payment landscape of Luxembourg

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 Luxembourg, which is characterised by the highest banking internationalisation rate in Europe as...

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Insight

09 January 20

TPPs: latest views on PSD2 implementation

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 interviews presenting the opinions of various stakeholders on the implementation of the revised Payment Services Directive (PSD2) with the interview...

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News

06 January 20

EPC calls for independent candidates for its Dispute Resolution Committee

The European Payments Council’s Dispute Resolution Committee (DRC) – the body responsible for the compliance function of scheme management) will enter into office on 1 April 2020, when the revised EPC By-laws as well as the Dispute Resolution Committee Mandate become effective. As of that date, the DRC...

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News

19 December 19

2019 - a year to remember

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...

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Insight

12 December 19

PSD2 implementation: challenges for ASPSPs

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...

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News

09 December 19

2019 Payment Threats and Fraud Trends Report

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...

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Insight

05 December 19

What’s next for RTP?

*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...

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News

27 November 19

E-invoice Presentment and Payment: 2019 report

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...

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News

26 November 19

Request-To-Pay: specifications for a standardisation framework

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”...

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News

18 November 19

The four 2019 EPC SEPA payment scheme rulebooks now into force

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...

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Insight

14 November 19

Greece’s steady progress towards a cashless society

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,...

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Insight

24 October 19

We need a roadmap for the cashless society

*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...

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News

11 October 19

The first Register of Participants of the SCT ERI Option

As from 17 November 2019, the Extended Remittance Information (ERI) option can be used under the 2019 SEPA Credit Transfer (SCT) Rulebook. From today onwards, the EPC maintains a separate register of SCT scheme participants that support the ERI option. Already ten SCT participants will be able to provide...

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News

10 October 19

Intra-EU Mobility: a case for adhering to the SPL scheme

The Single Euro Payments Area Proxy Lookup (SPL) is the EPC’s latest scheme which covers the exchange of the data necessary to initiate payments between proxy-based mobile payment solutions on a pan-European level. It aims to facilitate interoperability between participating payment solutions. The...

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Insight

09 October 19

Belgium: SCT Inst implementation

* 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...

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Insight

26 September 19

Sweden: cashless society and digital transformation

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Sweden is leading the race to become the world's first almost cashless society: the use of cash has been declining for years, and instant mobile payments and other new...

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