Document library

57 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

20 April 12

Optional SEPA Direct Debit Scheme in the Pipeline

The PSD default regime with regard to refund rights in case of authorised transactions when the exact amount of collections is agreed In the change management process leading up to the preparation of the SEPA Core Direct Debit Scheme Rulebook version 4.0 due to take effect on 1 November 2010, a...

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Insight

02 July 12

New SEPA Scheme Rulebooks out now

The SEPA Credit Transfer Scheme Rulebook version 4.0 The SEPA Credit Transfer Rulebook version 4.0 features the following additional mandatory elements: banks originating a SEPA Credit Transfer (SCT) can request a recall in the event of duplicate or erroneous transactions. In addition, the SCT Rulebook...

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Insight

20 April 12

New optional SDD Fixed Amount Scheme

The new SEPA Fixed Amount Direct Debit Scheme (SDD FA) The new SDD Scheme will apply the default regime defined in the Payment Services Directive (PSD) with regard to refund rights; e.g. the refund right is excluded in cases of authorised transactions when the exact amount of the direct debit collection...

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Insight

20 April 12

The Doors are open

Separate adherence packs must be submitted for adherence to the SDD Core Scheme and for adherence to the SDD B2B Scheme The process for adherence to the SEPA Direct Debit Schemes follows the principles established for adherence to the SEPA Credit Transfer Scheme, e.g. applicants will submit an Adherence...

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Insight

24 October 12

SEPA Direct Debit for Billers: The SDD Mandate

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

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Insight

20 April 12

Open for Business

The Business to Business option The SEPA Business to Business Direct Debit Scheme (SDD B2B) is an optional scheme enabling payment service providers to develop specific direct debit products and services for business customers in the role of payers wishing to make payments by SEPA Direct...

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Insight

20 April 12

The SEPA Direct Debit Mandate - you will just love it

Streamlining the SEPA Mandate The SEPA Core Direct Debit (SDD) Scheme Rulebook version 3.2 defines the rules for the content of SEPA mandates (section 4.7.2 - The Mandate). The illustration of the mandate as it appears in the Rulebook features the most comprehensive layout possible. In actual usage,...

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Insight

20 April 12

Secure and convenient: the E-Mandate Solution

Responding to the requirements of e-commerce The SEPA Core Direct Debit Scheme (SDD) creates, for the first time, a payment instrument that can be used for both national and cross-border collections throughout the SEPA area. In response to changing habits in the virtual shopping world, the optional...

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Insight

27 April 12

SEPA Migration: Facts and Figures

Percentage of banks in SEPA offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer (SCT) Scheme in January 2008. As of April 2012, 4,559 payment service providers (PSPs) in 32 countries offer SCT services. Today, the PSPs delivering SCT services...

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Insight

22 October 12

The Shortcut to SEPA: Who Is Who and Who Does What

New: SEPA Direct Debit for Consumers - a convenient and secure way to make payments The EPC publication 'SEPA Direct Debit for Consumers' (a link is included below) focuses on the SEPA Core Direct Debit Scheme (SDD Core) which serves as an easy-to-use and secure payment method, allowing bank customers...

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Insight

02 July 12

SEPA Scheme Rulebooks: Next Edition Available in November 2011!

Limited number of change requests demonstrates that SEPA Schemes are fit for purpose The SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes evolve based on an open change management process set out in the SEPA Scheme Management Internal Rules (see 'related links' below), which provide...

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Insight

30 October 12

EPC Plenary Meeting Update

Approval of the next version of the SEPA Credit Transfer and SEPA Direct Debit Rulebooks and associated implementation guidelines for publication in November 2012; these updated versions will take effect on 1 February 2014 The Plenary approved the SEPA Credit Transfer (SCT) Rulebook version 7.0,...

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Insight

24 October 12

Facing the Facts in July 2011

Percentage of banks in SEPA offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer Scheme (SCT) in January 2008. As of July 2011, nearly 4,500 banks in 32 countries offered SCT services for euro payments. Today, the payment service providers...

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Insight

24 October 12

Facing the Facts in January 2011

Percentage of banks in SEPA offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer Scheme (SCT) in January 2008. As of January 2011, nearly 4500 banks in 32 countries offer SCT services for euro payments. The payment service providers offering...

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Insight

20 April 12

Creditors: Help is here

Ensuring the continued legal validity of legacy mandates under the SEPA Direct Debit Scheme The SEPA mandate is completed by the debtor (a customer purchasing goods or services) to authorise the creditor (a retailer or service provider) to collect payments via SEPA Direct Debit. At the same time,...

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Insight

29 October 12

SEPA Migration: Facts, Figures and Best Practice

European Union Regulation sets deadline for migration to the Single Euro Payments Area On 30 March 2012, the 'Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009', was published in the...

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Insight

24 October 12

SEPA Migration: Facts and Figures

Percentage of banks in SEPA offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer (SCT) Scheme in January 2008. As of January 2012, 4,521 payment service providers (PSPs) in 32 countries offer SCT services. Today, the PSPs delivering SCT services...

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Insight

24 October 12

SEPA Migration: Facts and Figures

Percentage of banks in SEPA offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer (SCT) Scheme in January 2008. As of October 2011, 4,503 payment service providers (PSPs) in 32 countries offer SCT services. Today, the PSPs delivering SCT services...

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Insight

31 July 12

EPC Plenary Meeting Update

Effective date of next version of SEPA Credit Transfer and SEPA Direct Debit Rulebooks will be 1 February 2014 The EPC publishes updated versions of the Single Euro Payments Area (SEPA) scheme rulebooks in November of each year. These updated versions normally take effect in the third week of November...

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Insight

24 October 12

SEPA Regulation: Last Call to Legislators

The SEPA Regulation should set one end date for migration to all Union-wide schemes The European Payments Council (EPC) advocates setting one end date at European Union (EU) level for migration to harmonised credit transfer and direct debit schemes to spare bank customers, such as businesses and...

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Insight

24 October 12

SEPA Direct Debit for Billers: the Creditor Identifier (Go Get It!)

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

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Insight

02 July 12

SEPA Schemes: Next Generation

Limited number of change requests demonstrates that SEPA Schemes are fit for purpose The SCT and SDD Schemes evolve based on an open change management process set out in the SEPA Scheme Management Internal Rules (a link is included below) providing all stakeholders with the opportunity to participate;...

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Insight

24 October 12

Facing the Facts in April 2011

Percentage of banks in SEPA offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer (SCT) Scheme in January 2008. As of April 2011, nearly 4500 banks in 32 countries offered SCT services for euro payments. Today, the payment service providers...

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Insight

22 October 12

Facing the Facts in April 2010

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

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Insight

22 October 12

Facing the Facts in October 2010

Percentage of banks in SEPA offering SEPA Credit Transfer services As of October 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 more than 95 per cent of payment volumes in Europe....

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Insight

22 October 12

Facing the Facts in July 2010

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

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Insight

22 October 12

The Quantum Leap for SEPA Direct Debit

Article 8 of Regulation (EC) No 924/2009 establishes mandatory reachability for cross-border direct debits for all banks in the euro area 1 November 2010 marks an important target date for the roll-out of SDD services by banks. Over the past twelve months, since the launch of the SDD Schemes in...

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Insight

20 April 12

SEPA B2B Direct Debit: the E-Mandate

The e-mandate feature is now incorporated into the SEPA B2B Direct Debit Rulebook The e-mandate solution is based on secure, widely used online banking services offered by debtor banks today. The debtor can re-use his online banking credentials. No additional means of identification are necessary....

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Insight

24 October 12

The SEPA Regulation - A Progress Report

A brief overview of the EU legislative process This section is of interest in particular to readers who are not familiar with the European Union (EU) legislative process. The forthcoming Single Euro Payments Area (SEPA) Regulation will be adopted in accordance with this process. It is the privilege...

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Insight

29 August 12

SEPA Migration: Facts and Figures

European Union Regulation sets deadline for migration to SEPA Credit Transfer and SEPA Direct Debit On 30 March 2012, the 'Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009' was published...

Read more
Insight

27 April 12

SEPA Direct Debit for Billers: Exception Handling

The SEPA Direct Debit Schemes in a nutshell The SEPA Direct Debit (SDD) Core and the SDD Business to Business (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...

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Insight

20 April 12

Have it Your Way!

Different models exist in the EU today with regard to the mandates used to authorise a direct debit collection With a mandate the payer (debtor)1 authorises a biller (creditor) to collect payment by direct debit. At the same time the mandate authorises the payer's bank (debtor bank) to debit...

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Insight

22 October 12

The Breakthrough for SEPA?

Setting deadlines for migration to the Single Euro Payments Area (SEPA) through EU Regulation provides planning security to all market participants On 16 December 2010, the European Commission published a proposal for a Regulation establishing technical requirements for credit transfers and direct...

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Insight

22 October 12

Facing up to the IT Challenge

The SEPA challenge for IT When planning the implementation of SEPA-related functionality and technicalities in core payment systems it needs to be kept in mind that technical implementation is often a process which takes several years to realise. Such processes are also greatly influenced by other...

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Insight

22 October 12

Best of Class: the Netherlands

Approach of the Dutch public sector The Dutch State Treasury Agency, part of the Ministry of Finance, is responsible for the procurement and coordination of payment services for the whole of the Dutch Central Government. In 2008, when the payment services for the central government (excluding those...

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Insight

29 October 12

Time is of the Essence: Get Ready for SEPA. Act Now!

This EPC video (released in March 2012) highlights key aspects relevant for business and public entities transitioning to SEPA. The film is also available in an extended version (eight minutes) and with subtitles in the EU languages. See 'The EPC Migration Tool Kit' below. Early movers...

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Insight

24 October 12

The Art of Integration

Improving the operations of public administrations in Finland Created in 2010, the Finnish Government Shared Services Centre for Finance and Human Resources (HR) merges the activities of four separate shared service centres that previously existed to support individual ministries of the central...

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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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