122 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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Insight

21 October 14

Don't Count on 1 August 2014: Different SEPA Migration Deadlines Apply Across the Euro Area During the “Additional Transition Period” Agreed by the European Commission, the European Parliament and EU Governments

Number of payment service providers in the Single Euro Payments Area (SEPA) offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer (SCT) Scheme in January 2008. As of April 2014, 4,614 payment service providers (PSPs) offer SCT services. The...

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News

16 October 14

EPC calls for independent candidates seeking appointment to one of the following newly to be established bodies: the Scheme Management Board, the Compliance and Adherence Committee and the Appeals Committee. Applications are invited by 12 November 2014.

In close dialogue with the stakeholder community, the European Payments Council (EPC) developed, among other things, the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes. The EPC carries out the scheme management function subject to legal and regulatory conditions defined by the European...

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News

15 October 14

EPC publishes ‘Guidance for SEPA Direct Debit Business to Business (SDD B2B) Scheme Mandate Confirmations’. This document is addressed to payment service providers participating in and creditors collecting payments under the SDD B2B Scheme.

In October 2014, the European Payments Council (EPC) published the document ‘Guidance for SEPA Direct Debit Business to Business (SDD B2B) Scheme Mandate Confirmations’. This document addresses the SDD B2B mandate confirmation requirements and operational implementation thereof prescribed in the SDD...

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News

01 October 14

EPC Poll: In your view, which regulatory initiatives will have the greatest impact on the European payments market going forward? This poll, launched in July 2014, was open until 30 September 2014. See the results.

On 1 July 2014 the European Payments Council (EPC) introduced a poll launched to capture the views of payments audiences on which of the initiatives listed below will have the greatest impact on the European payments market going forward. This poll was open until 30 September 2014. Here are the results: European...

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News

30 September 14

EPC Blog: The new European Commission is expected to take office on 1 November 2014. A recap of the role of the European Commission in the evolution of SEPA Credit Transfer and SEPA Direct Debit.

In close dialogue with the stakeholder community, the European Payments Council (EPC) developed, among other things, the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes. It is important to keep in mind that the EPC carries out the scheme management function subject to legal and regulatory...

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Insight

30 September 14

The New European Commission is Expected to Take Office on 1 November 2014. A Recap of the Role of the European Commission in the Evolution of SEPA Credit Transfer and SEPA Direct Debit

In close dialogue with the stakeholder community, the European Payments Council (EPC) developed, among other things, the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes. It is important to keep in mind that the EPC carries out the scheme management function subject to legal and regulatory...

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Insight

18 September 14

Next Steps in the Area of Online Payments: Is Europe Ready for e-Identity?

Over the past 20 years, traditional commerce has experienced a range of upheavals linked to technological innovation. Of the many advances we have seen in how we do business, the key rests on the development of consumers paying for goods and services online. No longer limited to bricks-and-mortar transactions,...

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News

17 September 14

EPC Poll: In your view, which regulatory initiatives will have the greatest impact on the European payments market going forward? This poll, launched in July 2014, is open until 30 September 2014. Vote!

On 1 July 2014 the European Payments Council (EPC) introduced a poll launched to capture the views of payments audiences on which of the following initiatives will have the greatest impact on the European payments market going forward:   European Commission proposal for a revised...

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Insight

29 August 14

SEPA 2014: EPC Calls on European Parliament and EU Governments Represented in the Council of the European Union to Provide Clarity on SEPA Compliance Requirements As Soon As Possible

It is the task of European Union authorities driving the Single Euro Payments Area initiative to ensure planning security for all market participants The European Payments Council (EPC) has frequently pointed out that the Single Euro Payments Area (SEPA) is a European Union (EU) integration initiative...

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Insight

29 August 14

SEPA Facts and Figures (January 2014): “If the Current Pace of Migration Continues, the Vast Majority of Stakeholders Will Complete Their Migration by 1 February 2014,” Says European Central Bank

Number of payment service providers in the Single Euro Payments Area (SEPA) offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer (SCT) Scheme in January 2008. As of January 2014, 4,580 payment service providers (PSPs) offer SCT services. The...

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Insight

29 August 14

SEPA 2.0: Reflections on Realising the Potential of SEPA Going Forward

The extensive research previously carried out by or at the request of the EU institutions confirms that “integration promotes competitiveness, efficiency and growth” In a previous EPC Newsletter article, entitled ‘On Innovation: What the European Union (EU) Could Learn from Apple and Facebook’ (see...

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