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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 first quarter of 2024, we compiled a collection of payment-related reports. This selection not only delves into the future and evolution of payments but a

Today, the European Payments Council (EPC) launched a public ‘call for interest’ to identify European Application Programming Interface (API) standardisation initiatives that already developed or intend to develop API specifications compliant with the SEPA Payment Account Access (SPAA) scheme rulebo

The European Payments Council (EPC) published today a new version of the document called “Guidelines on cryptographic algorithms usage and key management”. Its purpose is to offer guidance to the European payment industry concerning cryptographic algorithms and related key management issues.This new

Today, the European Payments Council (EPC) initiated a public consultation on change requests for all five EPC payment scheme rulebooks. This consultation runs from 12 March to 9 June 2024.This public consultation is part of the change management process of the EPC payment schemes regularly organise

Today the European Payments Council (EPC) launched a public consultation on the Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme rulebook change requests. The consultation will run for a period from 12 March up to and including 9 June 2024.More information about the public consultation

The European Payments Council (EPC) will be launching a request for proposal (RFP) for selecting a technology service provider in charge of developing and operating an EPC Directory Service (EDS). The EDS service provider was formerly known as Operating Scheme Manager (OSM) and the forthcoming RFP f

Today the European Payments Council (EPC) launches a public consultation on the Verification Of Payee (VOP) scheme rulebook. The consultation will run for a 90-calendar day period from 20 February up to and including 19 May 2024. All interested stakeholders are invited to participate in the publi

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. At the start of 2024 we were delighted to welcome a new member: PostePay. We spoke to PostePay’s General Manager, Laura Furlan, about payment trends, PostePay’s role w

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council nor the associations or its members he represents. Cash is the most frequently used form of payment by Europeans at the point of sale. For this reason, an adequate cash

Staying up to date with the latest news and trends in payments? Kick off the new year well-informed with the latest insights from the industry. See here for our list of free, recently published payment-related reports from a variety of sources, all in one place for your convenience. Follow the

We are happy to announce TrueLayer as the first participant to the SEPA Payment Account Access (SPAA) scheme!  This marks a first important milestone for the scheme, which is open for scheme adherence since December 2023. The SPAA scheme covers the set of rules, practices and standards th

The European Payments Council (EPC) is delighted to count among its members a new organisation: •    PostePay, part of the Poste Italiane Group (based in Italy) As of 1 January 2024, the EPC represents 79 payment service providers and their associations.  

Today the European Payments Council (EPC) has published new versions of the SEPA Request-to-Pay (SRTP) scheme rulebook as well as the rulebook-related clarification paper.  Version 3.2 of the SRTP scheme rulebook includes clarifications related to Enrolment and Activation processes, to be al

Over the past two months, the European Payments Council (EPC) invited payments industry professionals to answer the following question: “In your opinion, which type of approach in international cross-border payments will see the largest growth in adoption over the coming 10 years".  The resu

Today the European Payments Council (EPC) publishes the yearly update of the “Payment Threats and Fraud Trends Report”. This report contributes to creating awareness on payment threats and fraud trends, and to help payment stakeholders decide on possible actions to prevent fraud. It provides a focu

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Finland is a European frontrunner in payment digitalisation, with e-invoicing particularly commonplace in the country – a likely trend anticipated to happen in the res

The EPC is launching today a call for (additional) participants in the SEPA Payment Account access (SPAA) Scheme Interest Group, which was set up at the end of 2021 to ensure maximum stakeholder involvement and contribution - in addition to the creation of the SPAA Multi-Stakeholder Groups (MSG) in

Brussels, 28 November 2023 - As of today 08h00 CET, the new payment scheme of the European Payments Council (EPC) designed for international instant credit transfers is ready for use. The launch of the OCT Inst scheme marks a significant development for the EPC as it is the EPC’s first venture outsi

The European Payments Council (EPC) has published the business conditions for the SEPA Payment Account Access (SPAA) scheme, marking a significant step forward in the development of open banking in Europe.  The SPAA scheme builds on the investments done in the context of the revised Payment

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The payments sector in Romania has been very dynamic in recent years. Since its launch in 2019, the Romanian domestic instant payment system has seen a sharp rise in u

Since the end of March 2023, the European Payments Council (EPC) has closely monitored the SEPA payment scheme participants’ preparations to migrate the four SEPA payment schemes (i.e. the SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst), SEPA Direct Debit Core (SDD Core) and SDD

The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. Staying up to date with the latest news and trends in the industry? We’ve put together a list of free recently published payment-related reports from differen

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council or the European Commission. In June 2023 the European Commission put forward a proposal for a Regulation to further digitalise and improve competitiveness in the Europe

In 2021, the European Payments Council’s (EPC) Board entrusted the Scheme End-User Multi-Stakeholder Group (SEU MSG) and the Scheme Technical Player Multi-Stakeholder Group (STP MSG) with the mission to maintain a formal and regular dialogue between the EPC and representatives of associations of end

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council or the European Commission. On June 28, 2023, the European Commission (EC) published a set of new legislative proposals, notably for a Third Payment Services Directive

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Russia invaded Ukraine on 24 February 2022. Ever since, martial law has made ensuring the country’s economic and financial stability a challenge for the National Bank

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Croatia became the 20th EU Member State to join the euro on 1 January this year. Since the end of June, the SEPA Instant Credit Transfer (SCT Inst) scheme has been in

The European Payments Council (EPC) is glad to count among its members one additional organisation: •    Insignia Cards Limited (Based in Malta) The EPC now represents 78 payment service providers and their associations.   

Today the European Payments Council (EPC) published the Customer-to-Payment Service Provider (PSP) (C2PSP) and the Inter-PSP implementation guidelines (IGs) based on version 1.1 of the 2023 One-Leg Out Instant Credit Transfer (OCT Inst) rulebook. Version 1.1 of the 2023 OCT Inst rulebook has also be

Today the European Payments Council (EPC) is publishing the “Interoperability of mobile initiated SEPA (instant) credit transfers (MSCTs) based on Near Field Communication (NFC) or Bluetooth Low Energy (BLE)” document that has been prepared by the multi-stakeholder group on Mobile Initiated (instant

Today the European Payments Council (EPC) publishes the updated version (1.1) of the SEPA Payment Account Access (SPAA) scheme rulebook, which replaces with immediate effect version 1.0 (published in November 2022). Version 1.1 of the rulebook will come into effect on 30 November 2023. The main c

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 interviews focusing on sustainability in the payments industry with the contribution of Valerie Nowak, the Chief Product and Innovation Offic

Today the European Payments Council (EPC) has published the new versions of the SEPA Request-to-Pay (SRTP) scheme rulebook as well as the rulebook related clarification paper. The SEPA Request-to-Pay scheme rulebook version v3.1 Version 3.1 of the SRTP scheme rulebook, includes some clarificat

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Smart Payment Association (SPA) is the trade body of the cards and mobile payments industry and addresses the challenges of a fast-evolving payment ecosystem, prom

On 28 March 2023, the European Payment Council (EPC) published the first version of its One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme rulebook. This new scheme allows payment service providers (PSPs) to handle the Euro Leg of an international cross-border and/or cross currency (instant

On 30 November 2020, the European Payment Council (EPC) published the first version of its Single Euro Payments Area (SEPA) Request-To-Pay scheme (SRTP) rulebook. Today the scheme is set to take off and already counts some registered participants, as well as new ones that are going to launch soon. W

The European Payments Council (EPC) announces that effective as of today, any technical solution provider (TSP) may undergo a SEPA Request to Pay (SRTP) homologation. A duly homologated TSP will become a “Referenced Technical Solution Provider” (RTSP) and feature on a list published on the EPC websi

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Giorgio Andreoli took up the post of Director General of the European Payments Council (EPC) on 1 April 2023. We interviewed him to shed light on his first impressions

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 first quarter of 2023, we gathered a list of payment related reports that shine a spotlight on payments’ future and trends as well mobile payments and

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The European payment landscape is going through a considerable transformation due to technological developments, entry by new actors and regulatory changes. We intervi

Today the European Payments Council (EPC) publishes the first One-Leg Out Instant Credit Transfer (OCT Inst) scheme rulebook. Version 1.0 of the 2023 OCT Inst scheme rulebook focuses exclusively on the Euro Leg of international instant credit transfer-based payment transactions. About the scheme

Today the European Payments Council (EPC) is launching a public request for information (RFI) for an Operational Scheme Manager (OSM). Background In the context of the SEPA Payment Account Access (SPAA) and the SEPA Request to Pay (SRTP) schemes, the use of application programming interfaces (

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 interviews focusing on sustainability in the payments industry with the contribution of Stephen King, Vice President, Sustainability Solution

The European Payments Council (EPC) publishes today the Application Programming Interface (API) security framework that lists the minimum security-related requirements applicable to the SEPA Request-to-Pay (SRTP) and SEPA Payment Account Access (SPAA) scheme participants using APIs, whether they rel

The European Payments Council (EPC) published today a new version of the document called “Guidelines on cryptographic algorithms usage and key management”. Its purpose is to provide guidance to the European payment industry in the field of cryptographic algorithms and related key management issues.