92 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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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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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

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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Insight

16 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 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. The next generation rulebooks,...

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News

05 February 14

Reminder: Next generation SEPA Credit Transfer and SEPA Direct Debit Rulebooks will be published in November 2014 to take effect in November 2015. EPC invites suggestions for changes by 28 February 2014.

The SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes, as set out in the SCT and SDD Rulebooks, evolve based on a transparent change management process adhered to by the European Payments Council (EPC). This evolution reflects changes in market needs and updates of technical standards developed...

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Insight

30 January 14

EPC Plenary Meeting Update

Approval of the updated version of the document ‘Improving the Efficiency of the Handling of Cash - Cash Cycle Models’ In 2010, the European Payments Council (EPC) and the European Security Transport Association (ESTA) established a joint task force to identify best practice principles and, where...

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News

15 October 14

EPC publishes ‘Guidance for SEPA Direct Debit Business to Business (SDD B2B) Scheme Mandate Confirmations’. This document is addressed to payment service providers participating in and creditors collecting payments under the SDD B2B Scheme.

In October 2014, the European Payments Council (EPC) published the document ‘Guidance for SEPA Direct Debit Business to Business (SDD B2B) Scheme Mandate Confirmations’. This document addresses the SDD B2B mandate confirmation requirements and operational implementation thereof prescribed in the SDD...

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Insight

29 August 14

SEPA Facts and Figures (January 2014): “If the Current Pace of Migration Continues, the Vast Majority of Stakeholders Will Complete Their Migration by 1 February 2014,” Says European Central Bank

Number of payment service providers in the Single Euro Payments Area (SEPA) offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer (SCT) Scheme in January 2008. As of January 2014, 4,580 payment service providers (PSPs) offer SCT services. The...

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Insight

07 July 14

Belgium: A SEPA Success Story

How to successfully coordinate SEPA migration at country level: the Belgian approach This is the third article published in the EPC Newsletter since October 2009, which reports on the approach adopted in Belgium to successfully drive forward migration to the Single Euro Payments Area (SEPA) (see...

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Insight

06 November 14

EPC Plenary Meeting Update

The European Payments Council (EPC) adapts its structure to further enhance governance and stakeholder involvement With migration to harmonised Single Euro Payments Area (SEPA) payment schemes in the euro area complete1, the EPC resolved in October 2014 to adapt its current structure to further...

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Insight

21 October 14

Don't Count on 1 August 2014: Different SEPA Migration Deadlines Apply Across the Euro Area During the “Additional Transition Period” Agreed by the European Commission, the European Parliament and EU Governments

Number of payment service providers in the Single Euro Payments Area (SEPA) offering SEPA Credit Transfer services The European Payments Council (EPC) launched the SEPA Credit Transfer (SCT) Scheme in January 2008. As of April 2014, 4,614 payment service providers (PSPs) offer SCT services. The...

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Insight

29 July 14

EPC Plenary Meeting Update

EPC appoints Javier Santamaría for a second term as Chair and elects Narinda You as Vice Chair At its meeting on 18 June 2014, the Plenary of the European Payments Council (EPC) appointed Javier Santamaría for a second term as Chair. The Plenary elected Narinda You as Vice Chair. Ms You succeeds...

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