577 results
Insight

14 April 20

AFR – the Hungarian Retail Instant Payment System

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In order to improve the efficiency of domestic payments, Hungarian banks launched a local currency Instant Payment System (AFR) based on the SEPA Instant Credit Transfer...

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News

09 April 20

New version of the Clarification Paper on SCT and SCT Inst

Today the European Payments Council (EPC) published the version 1.5 of the clarification paper on Single Euro Payments Area (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) rulebooks. The paper applies to the current applicable 2019 SCT and SCT Inst rulebooks and provides guidance...

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News

01 April 20

The EPC updates its members’ list

The EPC now counts among its members one additional organisation: •    PERSPECTEEV SAS (based in France) The EPC now represents 76 payment service providers and their associations. Two further organisations have the status of ‘associate member’.

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News

12 March 20

The EPC launches the public consultation on the 2020 change requests for the SEPA Credit Transfer and SEPA Direct Debit Scheme Rulebooks

As part of the EPC’s regular change management cycle the Single Euro Payments Area (SEPA) Credit Transfer (SCT), the SEPA Instant Credit Transfer (SCT Inst), the SEPA Direct Debit Core (SDD Core) and the SDD Business-to-Business (SDD B2B) schemes, and in line with its commitment to stakeholders’ involvement,...

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News

05 March 20

Publication of the updated SEPA Proxy Lookup scheme rulebook

Today the EPC has published version 2.0 of the SEPA Proxy Lookup (SPL) scheme rulebook which consists of a set of rules, practices and standards that makes it possible to operate, join and participate in the SPL scheme. The rulebook will come into effect on 1 June 2020. The updated SPL rulebook, resulting...

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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 43 billion transactions each year.

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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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