406 results

SEPA Direct Debit Additional Optional Services

The SEPA Direct Debit schemes (SDD) provide the sets of rules that enable a harmonised application by all participating payment service providers (PSPs) in Europe. PSPs can also provide additional services to meet specific customer needs.

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What is a payment scheme?

The payment schemes developed by the EPC are used by thousands of payment service providers (PSPs) in Europe to facilitate some 50 billion transactions each year.

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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

26 March 24

Creating a sustainable pan-European payment method through SPAA

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council.The building blocks of an open, pan-European payment method are in place: SEPA Instant Credit Transfers (SCT Inst) and open banking to turn them into a payment method. The

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What we do

The EPC designs and manages euro payment and payment-related schemes that contribute to the creation of a single payments market in Europe and facilitate economic exchanges in the Single Euro Payments Area (SEPA) for citizens and businesses alike.

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Participating in the schemes

If payment service providers (PSPs) want to offer SEPA euro credit transfers and direct debits to their customers, they have to formally adhere to the EPC payment schemes.

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Insight

28 September 23

Exploring FIDA: revised rules on financial data sharing access

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council or the European Commission. In June 2023 the European Commission put forward a proposal for a Regulation to further digitalise and improve competitiveness in the Europe

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SEPA for cash

The SEPA project and the EPC’s drive to improve payments harmonisation and innovation in Europe both encourage a shift from cash to electronic payments.

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