74 results
News

05 December 17

A summary of the November ERPB meeting

The Euro Retail Payments Board (ERPB – a high-level body chaired by the European Central Bank and gathering the supply and demand sides of European retail payments) held its latest meeting on 29 November. Several of the hottest payment topics of the moment were discussed at this meeting. The EPC...

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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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Insight

22 June 17

The Spanish payment landscape: innovation gains on tradition

Even if cash is still king in Spain, representing an estimated 80 percent of the total number of retail transactions, innovative methods of payment are advancing in the country. Spain is a frontrunner for instant and Person-to-Person (P2P) mobile payments. Another electronic instrument, SEPA Direct Debit...

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Insight

12 September 17

Update on UK Open Banking

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In July the Open Banking Implementation Entity released specifications for the ‘Read/Write’ payment initiation and account information Application Programming Interfaces...

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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

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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Insight

06 March 17

Instant payments: lessons learned from early adopters

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The ability to offer instant payments has become a necessity for banks around the world as they keep up with customer expectations and set themselves up strategically...

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Insight

19 July 10

SEPA Scheme Rulebooks: next Release

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

26 October 10

Going global

The Benefits of the Creditor Reference The use of creditor references is common in most SEPA countries. Studies show that in excess of 95 per cent of all incoming flows have been automated based on country specific creditor references. These references allow for automatic reconciliation of receivables...

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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

29 April 10

Update EPC Plenary Meetings

Approval of the optional SEPA Fixed Amount Direct Debit Scheme Rulebook for public consultation The EPC Plenary approved release of the latest version of the SEPA Fixed Amount Direct Debit Scheme Rulebook (SDD FA) and Implementation Guidelines for public consultation; a link to the consultation...

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Insight

27 January 10

Update EPC Plenary Meetings

Way forward on publication of revised SEPA Scheme Rulebooks November 2009 releases Following approval by the EPC Plenary in October 2009, the three Rulebooks are updated to reflect changes regarding the SEPA Scheme Management Internal Rules and other legal aspects. These changes have no impact...

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Insight

19 March 10

Facing the Facts in October 2009

  Percentage of banks in SEPA offering SCT services  As of October 2009, nearly 4500 banks in 32 countries offer SEPA Credit Transfer (SCT) services for euro payments. The payment service providers offering SCT services today represent roughly 95 percent of payment volume in Europe. Due to...

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Insight

19 March 10

Facing the Facts in January 2010

Percentage of banks in SEPA offering SEPA Credit Transfer services As of January 2010, nearly 4500 banks in 32 countries offer SEPA Credit Transfer (SCT) services for euro payments. The payment service providers offering SCT services today represent roughly 95 percent of payment volume in Europe....

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Insight

25 October 10

Update EPC Plenary Meetings

Approval of updated versions of the SEPA Credit Transfer Scheme (SCT) and SEPA Direct Debit Scheme (SDD) Rulebooks The EPC Plenary approved updated and enhanced versions of the SEPA Scheme Rulebooks and adjacent Implementation Guidelines for publication on 1 November 2010. The SCT and SDD Schemes...

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Insight

19 July 10

PSD: taking Action

Commission acts to ensure that EU Member States fully implement PSD In June 2010, the European Commission has taken action against six EU Member States to ensure full transposition of the PSD into their respective national law. Cyprus, Greece, Spain, Poland, Romania and Sweden received reasoned...

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