565 results
News

13 March 18

The European Commission's final RTS are in the Official Journal

More than two years after the European Banking Authority (EBA) started to work on their principles and following the publication by the European Commission of a final version in November 2017, the Regulatory Technical Standards (RTS) on strong customer authentication (SCA) and secure open standards of...

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Insight

06 December 17

The European Commission's final RTS: some issues remain unclear

The European Commission published the long awaited final Regulatory Technical Standards (RTS) on strong customer authentication (SCA) and common and secure open standards of communication, on 27 November 2017. These RTS, initially drafted by the European Banking Authority (EBA), are instrumental in the...

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Insight

21 November 11

Brave New World: the European Commission Becomes the SEPA Scheme Manager

Dear SEPA stakeholders: please send requests regarding the SEPA Rulebooks to the European Commission, Rue de la Loi 200, 1049 Brussels, Belgium, copy EPC In response to the requests of European authorities articulated since the late 1990s, the European Payments Council (EPC), in close dialogue with...

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Insight

30 September 14

The New European Commission is Expected to Take Office on 1 November 2014. A Recap of the Role of the European Commission in the Evolution of SEPA Credit Transfer and SEPA Direct Debit

In close dialogue with the stakeholder community, the European Payments Council (EPC) developed, among other things, the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes. It is important to keep in mind that the EPC carries out the scheme management function subject to legal and regulatory...

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News

30 September 14

EPC Blog: The new European Commission is expected to take office on 1 November 2014. A recap of the role of the European Commission in the evolution of SEPA Credit Transfer and SEPA Direct Debit.

In close dialogue with the stakeholder community, the European Payments Council (EPC) developed, among other things, the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes. It is important to keep in mind that the EPC carries out the scheme management function subject to legal and regulatory...

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News

24 October 13

On Payments and Light Bulbs - Commission ready to write off SEPA via EU legislation? Commentary on Commission services’ Working Paper 'SEPA Migration-End Date' of June 2010 (EPC Newsletter)

This article by EPC Chair Gerard Hartsink appears in Issue 7 (July 2010) of the EPC Newsletter. Included here is a summary of this article.   Today, the majority of market participants recognise that successful completion of SEPA is contingent upon setting an end date through EU Regulation...

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News

24 October 13

EPC Response to the European Commission Proposal for a Regulation Establishing Technical Requirements for Credit Transfers and Direct Debits in Euros (December 2010).

The EPC published its response to the European Commission's proposal for a regulation of the European Parliament and of the Council establishing technical requirements for credit transfers and direct debits in euros and amending Regulation (EC) No 924/2009 published on 16 December 2010 (the 'proposal')....

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Insight

16 February 12

SEPA Regulation: European Legislator Mandates Migration to SEPA by 1 February 2014 in the Euro Area and Transfers the Responsibility for SEPA Scheme Management to the European Commission

Migration deadlines introduced with the SEPA Regulation All references in this article relate to the version of the forthcoming 'Regulation Establishing Technical Requirements for Credit Transfers and Direct Debits in Euros and amending Regulation (EC) No 924/2009', as published by the Council...

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Insight

21 October 14

Don't Count on 1 August 2014: Different SEPA Migration Deadlines Apply Across the Euro Area During the “Additional Transition Period” Agreed by the European Commission, the European Parliament and EU Governments

Number of payment service providers in the Single Euro Payments Area (SEPA) offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer (SCT) Scheme in January 2008. As of April 2014, 4,614 payment service providers (PSPs) offer SCT services. The...

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Insight

15 April 14

PSD2: The New Article 67, (‘Refunds for Payment Transactions Initiated By or Through a Payee’), Proposed by the European Commission Risks Undermining Consumer’s Unconditional Refund Right for Direct Debits Included with the SEPA Direct Debit Core Scheme

The Payment Services Directive (PSD) as currently in effect was implemented in most European Union (EU) Member States by 1 November 2009. Article 87 of the PSD requires the European Commission (the Commission) to present a report on the implementation and impact of the PSD together with proposals for...

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Insight

20 February 14

Don't Count on 1 August 2014: Different SEPA Migration Deadlines Apply Across the Euro Area During the “Additional Transition Period” Agreed by the European Commission, the European Parliament and EU Governments

The European Commission commented on 20 December 2011 on the agreement by the European Parliament and the Council of the European Union (EU) on the 1 February 2014 deadline for migration to the Single Euro Payments Area (SEPA) in the euro area: “The reasonable transition periods applied will allow customers...

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News

24 February 14

EPC Blog: Don’t count on 1 August 2014 – different SEPA migration deadlines apply across the euro area during the “additional transition period” agreed by the European Commission, the European Parliament and EU governments.

The European Commission commented on 20 December 2011 on the agreement by the European Parliament and the Council of the European Union (EU) on the 1 February 2014 deadline for migration to the Single Euro Payments Area (SEPA) in the euro area: “The reasonable transition periods applied will allow customers...

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