409 results
Insight

16 July 11

SEPA Scheme Change Management

Get involved! The SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes evolve based on a transparent change management process, which provides all stakeholders with the opportunity to introduce suggestions for changes to the Single European Payments Area (SEPA) Schemes. The principles...

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Insight

26 May 10

SEPA Scheme Change Management 2010: Public Consultation

The evolution of the SEPA Schemes Driving forward innovation in payments the EPC encourages all players acting in the payments market to actively contribute to the evolution of the SEPA Schemes. The change management process governing the development of the SEPA Credit Transfer Scheme (SCT) and...

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Insight

14 July 11

SEPA Scheme Change Management 2011 - Call to Stakeholders

Get involved! The SCT and SDD Schemes evolve based on a transparent change management process providing all stakeholders with the opportunity to introduce suggestions for changes to the SEPA schemes. The principles governing the evolution of the SEPA Schemes are set out in section 3 of the SEPA...

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Insight

09 May 18

Changing the reality of payments: Standardised Proxy Lookup service

Instant payment solutions like the recently launched SEPA Instant Credit Transfer scheme (SCT Inst) are emerging around Europe. Although the big drivers include mobile person-to-person (P2P) payments, most of the existing P2P solutions are domestic and do not allow cross-border payments. The Mobile Proxy...

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Insight

14 February 18

What the GDPR will concretely change for payment service providers

While the European payment industry is currently trying to assess how the revised Payment Services Directive (PSD2) will concretely impact each party’s business and operational model, another critical piece of European legislation will apply in May and necessitates immediate actions from payment service...

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Insight

29 January 10

SEPA Scheme Change Management Cycle 2010

Get involved! The annual SEPA scheme change management process is based on the following principles: There will be one unique release date per year for all SEPA Schemes The release date will be aligned with the annual maintenance release of SWIFT in the 3rd week of November There...

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Insight

30 July 15

An Update on Changes to the New Payment Services Directive (PSD2)

A similar structure, a much broader scope The new Payment Services Directive (PSD2) retains the same basic structure as the original Payment Services Directive (PSD1). PSD2 is divided into six titles, each of which focuses on a different subject-matter. Accordingly, title I covers scope and definitions,...

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News

05 February 14

Reminder: Next generation SEPA Credit Transfer and SEPA Direct Debit Rulebooks will be published in November 2014 to take effect in November 2015. EPC invites suggestions for changes by 28 February 2014.

The SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes, as set out in the SCT and SDD Rulebooks, evolve based on a transparent change management process adhered to by the European Payments Council (EPC). This evolution reflects changes in market needs and updates of technical standards developed...

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Insight

25 October 13

Next Generation SEPA Credit Transfer and SEPA Direct Debit Rulebooks Will be Published in November 2014 to Take Effect in November 2015. EPC Invites Suggestions for Changes by 28 February 2014

The EPC launched the SEPA Credit Transfer (SCT) Scheme in January 2008 and the SEPA Direct Debit (SDD) Core and SDD Business to Business (B2B) Schemes in November 2009. The Single Euro Payments Area (SEPA) payment schemes, as set out in the SCT and SDD Rulebooks, evolve based on a transparent change...

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News

21 January 14

European Commission proposes "to give an extra transition period of six months during which payments which differ from the SEPA format can still be accepted. This "does not change the formal deadline for migration of 1 February 2014".

(Note: the European Payments Council (EPC) is not a European Union (EU) legislative body. More generally, the EPC is not part of the EU institutional framework.) The vast majority of European laws are adopted jointly by the European Parliament and the Council of the EU under the so-called...

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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

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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Insight

20 April 12

Think ahead

From Suggestions for change to Change Proposal The SEPA Schemes will evolve over time to reflect changes in market needs and updates in standards based on a transparent change management process and a predictable release schedule. These principles ensure planning security for all stakeholders. In...

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News

22 November 18

Publication of the 2019 EPC SEPA scheme rulebooks

The EPC Single Euro Payments Area (SEPA) scheme rulebooks are updated every two years to reflect market needs and evolutions in the technical standards. We have just published the new versions of the four EPC SEPA scheme rulebooks as a result of the rulebook change management cycle that started in 2017....

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News

24 October 13

EPC Public Consultation: EPC Launches Annual Three Month Public Consultation on Possible Modifications to the SEPA Credit Transfer and SEPA Direct Debit Rulebooks.

On 16 May 2012, the European Payments Council (EPC) launched the annual public consultation on possible modifications to the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Scheme Rulebooks. The EPC encourages all Single Euro Payments Area (SEPA) stakeholders to provide feedback by 13 August 2012. To...

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News

15 May 14

EPC launches three-month public consultation on the evolution of the SEPA Credit Transfer and SEPA Direct Debit Schemes. All stakeholders are invited to provide feedback by 15 August 2014.

On 19 May 2014 the European Payments Council (EPC) launched a three-month public consultation on possible modifications to the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks. The EPC encourages all Single Euro Payments Area (SEPA) stakeholders to provide feedback by 15 August 2014....

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