115 results
Insight

15 May 19

Instant Payments System in Romania

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Transfond developed a local currency Instant Payments (IP) system based on the SEPA Instant Credit Transfer Scheme (SCT Inst) in Romania. The system was recently launched...

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Insight

28 January 19

API Evaluation Group: achievements, challenges and looking ahead

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Created in January 2018, the Application Programming Interface Evaluation Group (API EG) was composed of representatives from various account-servicing payment service...

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News

19 November 15

The 2015 EPC Scheme Rulebooks are Now Effective

The 2015 Single Euro Payments Area (SEPA) Direct Debit (SDD) and Credit Transfer (SCT) Rulebooks, which are the business rules of the EPC schemes, are now in effect. Rulebook versions 8.1 of SDD Core, 6.1 of SDD Business to Business (B2B), and 8.1 of SCT, were published in April 2015, in order...

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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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News

29 April 15

EPC publishes an updated version of the document ‘Guidance on Reason Codes for SEPA Direct Debit R-transactions’. This technical document is addressed to payment service providers participating in the SEPA Direct Debit Schemes.

Following publication of the first version in July 2014, the European Payments Council (EPC) released the updated version 2.0 of the document ‘Guidance on Reason Codes for SEPA Direct Debit R-transactions’ (see ‘related files’ below) on 5 May 2015. To give some background: one of the main...

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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

30 January 15

EPC Plenary Meeting Update

Approval of revised Charter The European Payments Council (EPC) approved its revised Charter which will be published once it takes effect in the first quarter of 2015 subject to procedures to be observed under Belgian law. The revised Charter reflects the new governance model of the EPC. As...

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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

27 March 15

EPC publishes amended ‘SEPA Scheme Management Internal Rules’ (SMIRs). The SEPA Credit Transfer and SEPA Direct Debit Rulebooks have been updated to include the new SMIRs. This update of the rulebooks has no operational impact whatsoever.

On 31 October 2014, the European Payments Council (EPC) launched a 90-day consultation on the draft revised Single Euro Payments Area (SEPA) Scheme Management Internal Rules. This document contains descriptions of the internal organisation, structure, rules, and processes that make up the scheme management...

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Insight

18 June 15

PSD2: Almost final – a state of play

The European Commission (the Commission), which has the right of initiative to propose laws, published its proposal for the revised PSD2 on 24 July 2013 (the formal title of this proposed legislative act is “Proposal for a Directive of the European Parliament and the Council [of the EU] on payment services...

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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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