115 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

05 December 16

The EPC publishes updated SCT and SDD rulebooks

You may remember that earlier this year, as part of the regular change management cycle of the EPC SEPA scheme rulebooks, a public consultation on the three existing schemes (SEPA Credit Transfer – SCT - SEPA Direct Debit Core - SDD Core - and SEPA Direct Debit Business to Business – SDD B2B) was organised. Throughout...

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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

31 May 16

The season of the EPC scheme rulebook consultations will start in April!

All stakeholders will soon have the opportunity to have their say in the evolution of the three existing European Payments Council (EPC) SEPA scheme rulebooks (i.e. the technical and business rules governing the schemes). From 5 April to 4 July 2016, the SEPA Credit Transfer (SCT) scheme, the SEPA Direct...

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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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News

25 February 16

Publication of the EPC Newsletter in a Revamped Format!

The March 2016 issue of the EPC newsletter is now online. In a brand new format (simpler and more dynamic), this issue includes articles about, among other topics: Blockchain. The EPC gathered experts from all sides of the payment industry to discuss whether blockchain is a short-lived illusion...

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News

26 April 16

Latest News Regarding Stakeholders’ Involvement

The EPC publishes the agenda and minutes of the latest meetings of its two stakeholder groups, i.e. the Scheme End-User Forum (SEUF), gathering representatives of the demand side of the payment market, and the EPC Scheme Technical Forum (ESTF), made up of representatives of technical players. These...

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Insight

06 December 16

Get ready for the first SCT Inst transactions!

The SCT Inst scheme: a world-premiere in a region as large as SEPA Around the world, ‘instant’, ‘real-time’, and ‘faster’ payments are among the hottest payment topics. Many countries, including some in Europe, have already successfully launched instant payment solutions. However, currently these...

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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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