540 results
Insight

24 October 12

SEPA Direct Debit for Billers: the SDD Core Scheme Timelines

The SEPA Direct Debit (SDD) Schemes in a nutshell The SDD Core and the SDD Business to Business (SDD B2B) Schemes developed by the European Payments Council (EPC) - like any other direct debit schemes - are based on the following concept: 'I request money from someone else, and, with his prior approval,...

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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

25 October 13

SEPA Credit Transfer Rulebook Version 7.0, SEPA Direct Debit (SDD) Core Rulebook Version 7.0, SDD Business to Business Rulebook Version 5.0 and Associated Implementation Guidelines to Take Effect on 1 February 2014 Published

The EPC released updated versions of the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks and associated implementation guidelines (IGs) to take effect in February 2014 (see links below). The IGs related to the SCT Rulebook version 7.0, the SDD Core Rulebook version 7.0 and the SDD Business...

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News

27 January 14

Next generation SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks take effect on 1 February 2014. EPC publishes SCT Rulebook version 7.1, SDD Core Rulebook version 7.1 and SDD Business to Business Rulebook version 5.1.

(Please note: the European Commission communicated on 9 January 2014 that it proposes to modify the European Union (EU) ‘Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro’ to “give an extra transition period of six months during...

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News

24 October 13

EPC Blog: SEPA Credit Transfer Rulebook Version 7.0, SEPA Direct Debit (SDD) Core Rulebook Version 7.0, SDD Business to Business Rulebook Version 5.0 and Associated Implementation Guidelines to Take Effect on 1 February 2014 Published.

The European Payments Council (EPC) released updated versions of the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks and associated implementation guidelines (IGs) to take effect in February 2014. The IGs related to the SCT Rulebook version 7.0, the SDD Core Rulebook version 7.0 and...

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