114 results
Insight

05 December 19

What’s next for RTP?

*The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. The landscape of payment solutions in the retail market is undergoing transformation and Request to Pay (RTP) is gathering momentum. Last week we issued a guidance document...

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News

27 November 19

E-invoice Presentment and Payment: 2019 report

The Multi-stakeholder Group on E-invoice Presentment and Payment (EIPP), the group responsible for coordinating the work on standardisation of ISO 20022 messages for EIPP, completed its task for 2019.  Today the EPC publishes the MSG’s report which sets out the work done in 2019 and provides...

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News

26 November 19

Request-To-Pay: specifications for a standardisation framework

The Request-To-Pay (RTP) Multi-Stakeholder Group (MSG) has been set up last year aiming to analyse and prepare the concrete and rapid exploitation of the RTP functionality from a broader perspective. Today, the EPC published a guidance document called “RTP: Specifications for a standardisation framework”...

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News

18 November 19

The four 2019 EPC SEPA payment scheme rulebooks now into force

The 2019 Single Euro Payments Area (SEPA) Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst), SEPA Direct Debit (SDD) Core and SDD Business-to-Business (B2B) rulebooks version 1.0 entered into force on 17 November 2019 and are applicable until 21 November 2021. The EPC SEPA payment scheme...

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Insight

14 November 19

Greece’s steady progress towards a cashless society

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Over the last five years, an evolution has taken place in Greece towards a more integrated retail payments market. While other traditional means of payment, such as cheques,...

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Insight

24 October 19

We need a roadmap for the cashless society

*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. According to recent figures from industry association UK Finance, one in ten UK adults now live a largely cashless life – in part thanks to the growing acceptance of contactless...

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News

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...

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News

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...

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Insight

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...

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Insight

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...

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News

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...

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Insight

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...

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News

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...

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News

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...

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