149 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 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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News

24 October 13

More SDD Scheme Mandate translations now available

The available SEPA Core DD Scheme Mandate translations (26) and SEPA B2B Scheme Mandate translations (22) are published on pages accessible from the 'Implementation and Testing' page.  More translations will be added as and when they become available.    

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News

24 October 13

SEPA Direct Debit Rulebooks Currently in Effect Aligned with Provisions of Regulation (EU) 260/2012 Concerning Multi-lateral Interchange Fees for Cross-Border Direct Debit Transactions.

On 1 November 2012 new versions of the SEPA Direct Debit (SDD) Rulebooks became effective. Section 5.14 of the SDD Core Rulebook version 5.2 and the SDD Business to Business (B2B) Rulebook version 3.2, respectively, was updated to reflect the requirements of Articles 6(3) and 8 of the 'Regulation (EU)...

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News

24 October 13

EPC Blog: 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.

In November 2012, the European Payments Council (EPC) published the SEPA Credit Transfer (SCT) Rulebook version 7.0, the SEPA Direct Debit (SDD) Core Rulebook version 7.0, the SDD Business to Business (B2B) Rulebook version 5.0 and associated implementation guidelines (IGs). Based on the established...

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News

24 October 13

EPC Blog: EU Law Mandates Migration to SEPA by February 2014 in Euro Area. Recommendation is to Rely on EU Legislator (Not on Speculations Regarding the Impact of the Euro Debt Crisis on SEPA) when Planning Migration. The Time to Act is Now.

Some commentators suggest delaying the 1 February 2014 deadline in the euro area for migration to the Single Euro Payments Area (SEPA), mandated with the Regulation (EU) 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro (the SEPA Regulation), due...

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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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News

24 October 13

EPC Newsletter: January 2013 Edition Reports on EU Regulatory Action Impacting Payments; Progress on SEPA for Cards and Best Practice Identified by Customers on How to Achieve SEPA Compliance.

The free online EPC Newsletter, published quarterly by the European Payments Council (EPC), is a leading source covering latest developments in the Single Euro Payments Area (SEPA).  The January 2013 edition (see 'related links' below) reports, among other things, on upcoming European Union (EU) regulatory...

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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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Insight

26 October 10

Update EPC Plenary Meetings

Version 3.2 of the SEPA Core Direct Debit Scheme Rulebook At its last meeting in December 2008, the Plenary approved the SEPA Core Direct Debit Scheme (SDD) Rulebook version 3.2. The SDD Rulebook now includes the e-mandate solution as an optional service to be offered by banks that will participate...

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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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News

24 October 13

EPC Blog: Important Notice to All SEPA Stakeholders: Effective Date of Next Versions of SEPA Credit Transfer and SEPA Direct Debit Rulebooks will be 1 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 over time to reflect changes in market needs and updates of technical standards developed by international standards bodies, such as the International Organization...

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News

24 October 13

SEPA B2B Direct Debit Scheme Rulebook - Public Consultation

The B2B Direct Debit Rulebook has been updated to include the e-Mandate feature.  Prior to its planned publication in June 2009, it is open for public consultation until 14 May 2009. The consultation does not address the main body of the Rulebook, whose content has already been approved by Plenary...

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News

24 October 13

EPC Blog: 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.

As reported on many previous occasions: the European Union (EU) 'Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro', which is commonly referenced as the Single Euro Payments Area (SEPA) Regulation, effectively mandates migration...

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Insight

29 April 10

November 2010: Mandatory Reachability for cross-border Direct Debits

Article 8 of Regulation (EC) No 924/2009 establishes mandatory reachability for cross-border direct debits Article 8 (1) of Regulation (EC) No 924/2009 (see link below) states that a "payment service provider of a payer reachable for a national direct debit transaction denominated in euro on the...

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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

26 October 10

The Preview

Rules on scheme access and scheme management must be synonymous in all three Rulebooks As described in the article "Think ahead: the SEPA Scheme Change Management Process" in this Newsletter, the SEPA Scheme Management Internal Rules annexed to all three Rulebooks prescribe a formal change management...

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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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