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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

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. We interviewed Dieter Goerdten, Head of Products & Services at SIX BBS Ltd. and Michael Montoya, CEO of SIX Interbank Clearing Ltd. to know more about the latest u

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

On 18 January, we launched a 90-day public consultation on the [Instant] Euro One-Leg Out Credit Transfer ([Inst] Euro OCT) arrangement rulebook. It aims to facilitate the processing of international (instant) credit transfers in euros between SEPA and non-SEPA countries. We interviewed the drafter

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council.  This time we interviewed Narinda You, our former Vice-Chair and former Head of Strategy and Market Practice at Crédit Agricole Payment Services. We were curious

Disclaimer: The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. This interview belongs to a series representing the views of various stakeholders on the implementation of the revised Payment Services Directive (PSD

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We interviewed Thomas Egner, Secretary General, Euro Banking Association (EBA) to know more about the key findings of the Euro Banking Association (EBA)’s recent Reque

Today the European Payments Council (EPC) publishes the first (v1.0) SEPA Payment Account Access (SPAA) scheme rulebook. It consists of a set of rules, practices and standards that will allow the exchange of payment accounts related data and facilitates the initiation of payment transactions in the

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In order to improve the efficiency of domestic payments, Hungarian banks launched a local currency Instant Payment System (AFR) based on the SEPA Instant Credit Transf

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 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

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Currently, more and more companies talk about sustainability and are starting to take action to change their products to become more environmentally friendly and creat

The EPC Board recently resolved that the scope of the two existing SEPA payment scheme stakeholder groups - i.e., the Scheme End-User Forum (SEUF) and the EPC Scheme Technical Forum (ESTF) - will be extended from the four SEPA payment schemes to all SEPA schemes, including payment-related schemes su

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

November 2017 marked a major event in an increasingly instant world: the launch of the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables credit transfers in ten seconds – or less – across the SEPA. Two and a half years on, the scheme has grown significantly, and the

On 7 March 2019, the EPC published its decision paper on Brexit and United Kingdom’s (UK) payment service providers’ (PSPs) participation in the EPC SEPA payment schemes, approving UK Finance's application for the continued participation of UK PSPs in the EPC SEPA payment schemes, even in the event

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

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In early July a group of major European banks announced the launch of the European Payments Initiative (EPI) with the aim of creating a unified payment solution for co

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Spunta Banca distributed ledger technology (DLT) is a project promoted by the Italian Banking Association (ABI) and coordinated by ABI Lab. It has been fully operation

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

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The European Central Bank’s (ECB) Governing Council, in line with the European Commission’s (EC) objectives, has taken an important move towards the full reach of inst

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Although electronic payments are gaining popularity in Cyprus, cash is still king. Nevertheless, there are clear signs that the Cypriot payments landscape is entering

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Single Euro Payments Area (SEPA) initiative has been a key enabler for the integration of the retail payments market in the European Union (EU): the development of

The views expressed in this article are solely those of the author and not necessarily those of the BIS or CPMI and they should not be attributed to the European Payments Council.  The Committee on Payments and Market Infrastructures (CPMI), the global standard setter that aims to enhance th

The instant payments space had been gaining significant traction in recent years, and access to immediate funds has become paramount for consumers and businesses in particular in the current pandemic. We launched the SEPA Instant Credit Transfer (SCT Inst) scheme almost three and a half years ago, a