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...
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...
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...
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...
24 September 19
The new version of the Creditor Identifier Overview
The European Payments Council (EPC) published today the new version of the Creditor Identifier (CI) overview. The recently published document contains a few updates related to the national Creditor Identifier descriptions of Belgium, Denmark, Germany and the Netherlands. The objective of this...
12 September 19
Amendment to the maximum amount per SCT Inst transaction to 100,000 euros
On 10 September 2019, the EPC Scheme Management Board (SMB) – the body responsible for the administration and evolution of the EPC Single Euro Payments Area (SEPA) payment schemes, decided to amend the maximum amount per SEPA Instant Credit Transfer (SCT Inst) transaction to 100,000 euros, effective...
03 September 19
Electronic invoicing- gathering pace
*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. This article is one of an occasional series updating the European Payments Council (EPC) community on developments in e-invoicing, an important adjacent space to the world...
02 September 19
Operational implications of a “no-deal Brexit” on SCT and SDD transactions
On 7 March 2019, the EPC published its decision paper on Brexit and United Kingdom (UK) payment service providers’ (PSPs) participation in the EPC Single Euro Payments Area (SEPA) payment schemes. The EPC Board approved the application from UK Finance for the continued participation of UK PSPs in the...
28 August 19
Extension of public consultation on draft Mobile Initiated SEPA Credit Transfer Interoperability Implementation Guidelines (including SCT Inst) till 16 September 2019
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) were subject to a public consultation which is now...
22 July 19
Around the web – a compilation of some interesting reports about payments published last quarter
The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. During the second quarter of 2019, EPC gathered a list of recent reports that shine a spotlight on interesting topics such as artificial intelligence in financial...
18 July 19
Results of the EPC poll on electronic identification (eID)
The financial sector has seen a rapid increase in adoption of electronic identification (eID), therefore, the EPC invited professionals working in the payments industry to share their views on the future of eID by participating in the poll. The question asked over the last two months to all interested...
08 July 19
Publication of guidance on the usage of ERI and updated recommendation on ISO 20022 customer reporting of SCTs and SDDs
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...
04 July 19
Instant payments are the new normal in the Netherlands; who will follow?
*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Dutch payment service providers (PSPs) community is one of frontrunners in the instant payments field: some Dutch PSPs were among the first to adhere to Single Euro...
28 June 19
Public consultation: Electronic Invoice Presentment and Payment – draft documents for submission to ISO 20022 of new servicing messages
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....
19 June 19
Public consultation: draft Mobile Initiated SEPA Credit Transfer Interoperability Implementation Guidelines (including SCT Inst)
* 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),...
07 June 19
White Paper: Non-NFC based Mobile SEPA Card Proximity Payments
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...
05 June 19
MADRE: a Banque de France blockchain project
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...
27 May 19
Clarification papers on SCT and SCT Inst, SDD Core and SDD B2B rulebooks
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...
24 May 19
The SEPA Proxy Lookup (SPL) Scheme Rulebook 2019 Change Request Public Consultation
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...