Document library

79 results
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

24 October 13

EPC publishes clarification letter on electronic mandates.

It is widely recognised that the efficient handling and the acceptance of electronic mandates is a very important element in the context of a successful migration to and for the further development of the SEPA Direct Debit (SDD) Core and Business to Business (B2B) Schemes. A mandate is signed by the...

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Insight

17 October 13

EPC Plenary Meeting Update

SEPA Credit Transfer and SEPA Direct Debit Rulebooks: next scheme change management cycle takes place in 2014. The rulebooks to be published in November 2014 will take effect in November 2015. In November 2012, the European Payments Council (EPC) published the SEPA Credit Transfer (SCT) Rulebook...

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News

24 October 13

EPC Blog: The 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 to the schemes by 28 February 2014.

The Single Euro Payments Area (SEPA) payment schemes, as set out in the SEPA Credit Transfer (SCT) and SEPA Direct Debit (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...

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Insight

25 October 13

SEPA Credit Transfer and SEPA Direct Debit Rulebooks: Next Scheme Change Management Cycle Takes Place in 2014. Rulebooks to be Published in November 2014 Will Take Effect in November 2015

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

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Insight

29 January 13

UNIQA Group Austria: Business is Better with SEPA!

UNIQA Group Austria services customers across Central and Eastern Europe The UNIQA Group Austria is one of the leading insurance groups in Central Europe. In the eleven years since its formation, the UNIQA group has quickly established itself in both the Austria domestic and the Central and Eastern...

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Insight

18 July 13

EPC Plenary Meeting Update

European Central Bank publishes first report on the migration towards the Single Euro Payments Area and warns against risks of late migration The European Central Bank (ECB) acts as an observer in all European Payments Council (EPC) working and support groups and in the EPC Plenary. At the Plenary...

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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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Insight

25 October 13

SEPA - Are Corporates Ready to Make the Move?

Although the Single Euro Payments Area (SEPA) is still a long way from being ‘front-of-mind' for corporate treasurers, some progress has been made this year. Looking back at the gtnews Payments Survey 2010, conducted in October and November 2010 with 336 corporate-level respondents globally, the picture...

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Insight

25 October 13

Living with Basel III - The Impact on the Payments Market

In December 2010, the Basel Committee of Banking Supervision (BCBS) approved the revised prudential framework referred to as Basel III. The reforms establish new metrics for liquidity, leverage and stable funding. Basel III will affect banks that provide access to payment systems for their clients. Based...

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Insight

30 October 13

EPC Plenary Meeting Update

  Outcome of the SEPA Council meeting of 23 September 2013 The Plenary addressed the outcome of the SEPA Council meeting that took place on 23 September 2013. The SEPA Council, which brings together representatives of both the demand and supply sides of the payments market, including the EPC,...

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Insight

25 October 13

There is Only Plan A: Get Ready for SEPA in the Next Twelve Months in the Euro Area! Latest Data Shows Good Progress in the Corporate Sector Now Preparing for the 1.2.2014 Deadline

Are you excited yet? After more than a decade of the Single Euro Payments Area (SEPA) in the making, this most ambitious European Union (EU) integration project in the area of electronic euro payments will become a reality in the next twelve months. As reported on many previous occasions: the ‘Regulation...

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Insight

25 October 13

Conclusions Agreed at Multi-Stakeholder Workshop to Discuss Minimum Requirements for 'BIC from IBAN Derivation' Solutions for Cross-Border SEPA Transactions. European Law Mandates Transition to the 'IBAN only' SEPA Environment by February 2016

In the Summer of 2013, the European Payments Council (EPC) reached out to all stakeholders via the EPC Newsletter (see ‘related links’ below) and other EPC communication platforms to indicate whether there would be interest to initiate a dialogue on the minimum requirements for cross-border ‘Business...

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Insight

18 September 13

EPC Annual Report 2009

Clarifying the role of the EPC in the SEPA process One of the objectives of the EPC Annual Report 2009 is to facilitate a clear understanding of the role of the EPC in the SEPA process. The EPC develops the payment schemes and frameworks necessary to realise SEPA. The EPC is not responsible for...

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Insight

30 July 13

“Talking about SEPA Migration to Small Businesses: Keep it Simple!” Says the Owner of Dance and Gymnastics School Girlfriends (45 Direct Debit Collections per Month)

Girlfriends Dance and Gymnastics School: a safe and healthy way (back) to exercise Created in 2010, the Cologne-based dance and gymnastics school Girlfriends offers classes and workshops in ballet, modern and jazz dance, hip hop, yoga and Pilates. Andrea Hasselbach, founder and owner of the school,...

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Insight

29 January 13

The Future of Payments: Markers for Success

Marker 1: deliver significantly more customer value than the market alternatives Payments is a business with high inertia and strong network effects. In such industries, the marginally better customer propositions of new entrants usually lose ground to those of incumbents that already enjoy broad...

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