09 April 20
New version of the Clarification Paper on SCT and SCT Inst
Today the European Payments Council (EPC) published the version 1.5 of the clarification paper on Single Euro Payments Area (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) rulebooks. The paper applies to the current applicable 2019 SCT and SCT Inst rulebooks and provides gui
20 May 20
SCT Inst scheme gaining further traction in Europe
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
24 November 20
Results of the EPC poll on future share of SCT Inst volumes
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. Since its launch, the SCT Inst scheme has kept on growing, and the la
01 July 20
SCT Inst transaction limit increased to 100,000 euros
As of today, the maximum amount per SEPA Instant Credit Transfer (SCT Inst) transaction went up from 15,000 to 100,000 euros. Payment end-users can use the SCT Inst scheme in higher-value business-to-business and business-to-consumer transactions. This new transaction limit means additional freed
What is a payment scheme?
SEPA Instant Credit Transfer Scheme Customer-to-PSP Implementation Guidelines 2021 version 1.0
Contributing to the future of payments in Europe
05 March 20
Publication of the updated 2019 EPC SEPA payment scheme rulebooks
Updated 2019 rulebook versions for the SEPA Credit Transfer (SCT) scheme, the SEPA Instant Credit Transfer (SCT Inst) scheme, the SEPA Direct Debit Core (SDD Core) scheme and the SDD Business-to-Business (SDD B2B) scheme have been published on 5 March 2020. The updated versions are in force from 1 A
SEPA goals and benefits
SEPA Credit Transfer rulebook and implementation guidelines
SEPA Credit Transfer public consultation
SEPA Credit Transfer Scheme Customer-to-PSP Implementation Guidelines 2021 version 1.0
09 September 20
EPI: towards a new European payment solution?
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
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
29 January 20
The payment landscape of Luxembourg
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 European payment landscapes with a profile of Luxembourg, which is characterised by the highest banking internationalisation rate in Europe a
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
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
23 September 20
Country profile: digital and instant payments are the norm in Estonia
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 European payment landscapes with a profile of Estonia. Estonia is a frontrunner for card payments, and its PSP community was among the first
07 October 20
ECB takes steps to ensure pan-European reach of instant payments
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
14 April 20
AFR – the Hungarian Retail Instant Payment System
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
12 March 20
The EPC launches the public consultation on the 2020 change requests for the SEPA Credit Transfer and SEPA Direct Debit Scheme Rulebooks
As part of the EPC’s regular change management cycle the Single Euro Payments Area (SEPA) Credit Transfer (SCT), the SEPA Instant Credit Transfer (SCT Inst), the SEPA Direct Debit Core (SDD Core) and the SDD Business-to-Business (SDD B2B) schemes, and in line with its commitment to stakeholders’ inv
13 February 20
Bizum: The Spanish instant mobile payment solution
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Bizum is a payment service launched by Spanish banks in 2016 to allow users to conduct Person-to-Person (P2P) payments through a smartphone. We interviewed Fernando Ro
05 March 20
Publication of the updated SEPA Proxy Lookup scheme rulebook
Today the EPC has published version 2.0 of the SEPA Proxy Lookup (SPL) scheme rulebook which consists of a set of rules, practices and standards that makes it possible to operate, join and participate in the SPL scheme. The rulebook will come into effect on 1 June 2020. The updated SPL rulebook,
23 July 20
Updated Intra-EU Mobility infographic
The Single Euro Payments Area Proxy Lookup (SPL) scheme covers the exchange of the data necessary to initiate payments between proxy-based mobile payment solutions on a pan-European level, aiming to facilitate interoperability between participating payment solutions. For those interested in
30 November 20
The EPC publishes the first SRTP scheme rulebook
Following a three-month public consultation, and in close collaboration with stakeholders from the entire payment value chain, the EPC publishes today the first version of the Single Euro Payments Area (SEPA) Request-To-Pay (RTP) scheme rulebook. The SRTP scheme covers the set of operating rules and