161 results
Insight

09 December 14

Update on Work Items Addressed by the Euro Retail Payments Board (ERPB) Chaired by the European Central Bank: SEPA Credit Transfer, SEPA Direct Debit, Instant and Mobile Payments

This blog describes next steps agreed by the Euro Retail Payments Board (ERPB), chaired by the European Central Bank (ECB), at the second ERPB meeting held on 1 December 2014 with regard to the following topics: SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) post-migration issues; pan-European...

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News

08 December 14

Update on work items addressed by the Euro Retail Payments Board (ERPB) chaired by the European Central Bank: SEPA Credit Transfer, SEPA Direct Debit, instant and mobile payments.

The European Payments Council (EPC), (which is not part of the European Union (EU) institutional framework), has frequently pointed out that the Single Euro Payments Area (SEPA) is an EU integration initiative pursued by the EU institutions. These are the European Commission, the European Parliament,...

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Insight

06 November 14

EPC Plenary Meeting Update

The European Payments Council (EPC) adapts its structure to further enhance governance and stakeholder involvement With migration to harmonised Single Euro Payments Area (SEPA) payment schemes in the euro area complete1, the EPC resolved in October 2014 to adapt its current structure to further...

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Insight

06 November 14

Next Step to Create the Digital Single Market: EU Lawmakers Adopt the New Regulation on Electronic Identification and Trust Services for Electronic Transactions in the Internal Market

A digital agenda aimed at removing barriers to an integrated e-commerce market in Europe The European Union (EU) authorities have consistently articulated the expectation that the legal and technical Single Euro Payments Area (SEPA) harmonisation exercise will contribute to streamlining business...

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Insight

06 November 14

Learn More About Work Items Related to SEPA Credit Transfer and SEPA Direct Debit Addressed by the New Euro Retail Payments Board (ERPB) Chaired by the European Central Bank

Recap: who does what with regard to SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD)? With the introduction of the euro currency in 1999, the European Union (EU) governments and EU institutions driving the SEPA process expected the banking industry to contribute the resources required to develop...

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News

05 November 14

EPC Blog: Next steps to create the digital single market – e-invoicing continues to grow spurred on by public policy and the accelerating dynamics of e-business. A guest blog by Charles Bryant.

Progress on electronic invoicing (e-invoicing) remains a principal European Union (EU) policy goal. Jean-Claude Juncker, President of the new European Commission, identified creating a connected digital single market as one of his ten priorities. The European Commission’s ‘Digital Agenda for Europe’,...

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Insight

04 November 14

EPC Plenary Meeting Update

Approval of the document ‘Criteria for Participation in the SEPA Schemes for Communities of Banks or Financial Institutions outside the European Economic Area (EEA)’ The Single Euro Payments Area (SEPA) payment schemes as set out in the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks...

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Insight

31 October 14

The European Court of Justice Has Ruled that Interchange Fees Are Permitted if They Provide Benefits to Merchants. What are the Implications of the MasterCard Judgment for Interchange Fees in Europe?

Multilateral interchange fees (MIFs) and their benefits for cardholders and merchants MIFs are the fees paid by an acquirer, i.e., the bank or payment service provider of a merchant, to the issuer, i.e., the bank or payment service provider of the cardholder, for each transaction, to compensate...

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