205 results
Insight

15 April 14

PSD2: The New Article 67, (‘Refunds for Payment Transactions Initiated By or Through a Payee’), Proposed by the European Commission Risks Undermining Consumer’s Unconditional Refund Right for Direct Debits Included with the SEPA Direct Debit Core Scheme

The Payment Services Directive (PSD) as currently in effect was implemented in most European Union (EU) Member States by 1 November 2009. Article 87 of the PSD requires the European Commission (the Commission) to present a report on the implementation and impact of the PSD together with proposals for...

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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

27 January 14

Next generation SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks take effect on 1 February 2014. EPC publishes SCT Rulebook version 7.1, SDD Core Rulebook version 7.1 and SDD Business to Business Rulebook version 5.1.

(Please note: the European Commission communicated on 9 January 2014 that it proposes to modify the European Union (EU) ‘Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro’ to “give an extra transition period of six months during...

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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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Insight

23 January 14

SEPA Scheme Rulebooks: Next Edition Available in November 2012!

The EPC Scheme Change Management Cycle The SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes, developed by the European Payments Council (EPC) in close dialogue with the payment service user community, evolve over time. The annual EPC scheme change management process is based on the...

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Insight

04 November 14

EPC Plenary Meeting Update

Approval of the document ‘Criteria for Participation in the SEPA Schemes for Communities of Banks or Financial Institutions outside the European Economic Area (EEA)’ The Single Euro Payments Area (SEPA) payment schemes as set out in the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks...

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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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News

15 May 14

EPC launches three-month public consultation on the evolution of the SEPA Credit Transfer and SEPA Direct Debit Schemes. All stakeholders are invited to provide feedback by 15 August 2014.

On 19 May 2014 the European Payments Council (EPC) launched a three-month public consultation on possible modifications to the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks. The EPC encourages all Single Euro Payments Area (SEPA) stakeholders to provide feedback by 15 August 2014....

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