SEPA Credit Transfer rulebook and implementation guidelines
SEPA Instant Credit Transfer rulebook and implementation guidelines
EPC Members
SEPA Credit Transfer
The schemes rely on global open standards
03 November 20
Brexit reminder: how to get ready for the end of the transition period
As of 1 January 2021 the United Kingdom (UK) is set to leave the single market and customs union, either with an European Union (EU) - UK deal, negotiated during the transition period, or without it (i.e. "no-deal" Brexit). The UK will at that point maintain participation in the Single Euro payments
SEPA Direct Debit
21 December 21
Brexit reminder: implications for all SEPA payment scheme participants
On 1 January 2021, the UK left the EU Single Market and Customs Union. In the run-up to that date, the European Payments Council (EPC) requested on several occasions all SEPA payment scheme participants to implement the measures described below, to ensure a continued smooth processing of cross-
14 July 20
Brexit from 1 January 2021 onwards: get ready for the end of the transition period
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
21 February 22
Second release of mobile Initiated SEPA (Instant) Credit Transfer Payments and Technical Interoperability Guidance
The multi-stakeholder group on mobile initiated SEPA (instant) credit transfers (MSG MSCT) has prepared the second release of the document “Mobile Initiated SEPA (Instant) Credit Transfer Payments and Technical Interoperability Guidance” (MSCT IG), originally published in 2019. The document inclu
06 July 21
New version of the Clarification Paper on SEPA Credit Transfer and SEPA Instant Credit Transfer rulebooks
Today the EPC published the version 1.7 of the Clarification Paper on Single Euro Payments Area (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) rulebooks. The objective of this new document is to offer information and recommendations to the scheme participants. This ve
08 July 21
Public consultation on the second release of the Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance
The ad-hoc multi-stakeholder group on mobile initiated SEPA (instant) credit transfers (MSCTs) launched today a public consultation on the draft second version of the “Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance (MSCT IG – EPC269-19)”, originally published in 2019. T
25 May 23
One-Leg Out Instant Credit Transfer scheme – enabling faster payments between SEPA and the rest of the globe
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
20 January 21
Call for nominations for five open seats in the MSG MSCT Plenary
To contribute to the take-up of mobile initiated (instant) credit transfers (MSCTs) in Europe, the EPC created in 2018 an ad-hoc multi-stakeholder group (MSG MSCT). The group has been focusing during the past years on the interoperability of MSCTs across Single Euro Payments Area (SEPA) and publishe
24 October 23
Migration of the SEPA payment schemes to the 2019 version of ISO 20022 postponed to Sunday 17 March 2024
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
26 November 20
Publication of the 2021 EPC SEPA payment scheme rulebooks
Today the EPC published the 2021 EPC SEPA payment scheme rulebooks and the related Implementation guidelines (IGs). All 2021 EPC SEPA payment scheme rulebooks enter into force on 21 November 2021. To ensure planning security for all market participants, the publication of the new rulebook versions f
SEPA Credit Transfer Rulebook - Public Consultation Document on 2024 Change Requests and Response Template
SEPA Direct Debit Core Rulebook - Public Consultation Document on 2024 Change Requests and Response Template
Public consultation on the SEPA Request-to-Pay scheme Rulebook change requests
10 June 20
SRTP scheme – facilitating a seamless way to pay within SEPA
On 2 June 2020, the EPC launched a three-month public consultation on the rulebook for the new SEPA Request-to-Pay (SRTP) scheme, which will provide a new way to request a payment initiation. We interviewed the ad-hoc RTP Task Force (RTP TF) chair Jean-Yves Jacquelin to shed some light on the future
07 January 21
Programmable instant payments in DLT networks and distribution of digital money
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In July 2020, five Spanish banks successfully completed a proof of concept (POC) for an interbank smart payments’ platform managed by Iberpay. To complete the POC, Ibe
11 February 21
The opportunity for the LEI in 2021
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Global Legal Entity Identifier Foundation (GLEIF) is the body responsible for managing the implementation of the Legal Entity Identifier (LEI) - a unique global id