129 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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News

05 December 17

A summary of the November ERPB meeting

The Euro Retail Payments Board (ERPB – a high-level body chaired by the European Central Bank and gathering the supply and demand sides of European retail payments) held its latest meeting on 29 November. Several of the hottest payment topics of the moment were discussed at this meeting. The EPC...

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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

22 June 17

The Spanish payment landscape: innovation gains on tradition

Even if cash is still king in Spain, representing an estimated 80 percent of the total number of retail transactions, innovative methods of payment are advancing in the country. Spain is a frontrunner for instant and Person-to-Person (P2P) mobile payments. Another electronic instrument, SEPA Direct Debit...

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Insight

12 September 17

Update on UK Open Banking

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In July the Open Banking Implementation Entity released specifications for the ‘Read/Write’ payment initiation and account information Application Programming Interfaces...

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