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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...

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...

The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. Are you interested to keep up to date on everything that is being published online related to payments? We have gathered some of the most interesting (and free) reports...

* 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 the Czech Republic. Czechs are frontrunners for contactless card payments and have the highest...

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Background It has been evident in the last years that banks are increasingly being driven -    by the regulator (stop thinking nationally ! do instant...

In consideration of the expected withdrawal of the United Kingdom (UK) from the European Union the UK payment service providers (PSPs), represented through ‘UK Finance’, filed an application in December 2018 with the European Payments Council (EPC) to be able to maintain the participation of the UK PSPs...

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Fifteen months away from the launch of the SEPA Instant Credit Transfer (SCT Inst) scheme, the total number of European Payment Service Providers (PSPs) which have joined...

The EPC is glad to count among its members two additional organisations: • HomeSend (based in Belgium); • MTACC (based in Malta); The EPC now represents 75 payment service providers and their associations. Two further organisations have the status of ‘associate member’.