115 results
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

06 September 16

What are the options for banks to prepare for their future?

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Disruption, innovation, Uberisation, disintermediation, Fintechisation, regulation… all of these words are nowadays perceived as challenges for the retail banking business....

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Insight

02 December 16

Payment solutions in innovative Estonia

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Estonia has gained recognition as a hub for e-services and start-ups. A small country, with a preference for bank cards and online banking, which is following its own...

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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

09 June 16

What will real-time gross settlement services be like in the future?

The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. The Eurosystem operates two systems that form the backbone of the financial market infrastructure in Europe – TARGET (the real-time gross settlement (RTGS) system for...

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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...

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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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