Document library

37 results
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...

Read more
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...

Read more
News

24 October 13

EPC White Paper on Mobile Payments - Edition October 2012 Published.

The European Payments Council (EPC) published the latest version of its white paper on mobile payments (m-payments) in October 2012. Following the public consultation on the white paper in 2012, the EPC has worked to incorporate input from 17 parties representing various stakeholders in the m-payments...

Read more
News

24 October 13

European Central Bank Publishes First Qualitative SEPA Indicators per Country on the Level of SEPA Preparedness of Different Stakeholder Groups (‘Traffic Light Indicators’).

To assess Single Euro Payments Area (SEPA) preparedness across the transaction chain per country, the Eurosystem has published the first qualitative SEPA indicators (see 'related links' below). The Eurosystem comprises the European Central Bank (ECB) and the national central banks of countries...

Read more
Insight

18 September 13

EPC Annual Report 2009

Clarifying the role of the EPC in the SEPA process One of the objectives of the EPC Annual Report 2009 is to facilitate a clear understanding of the role of the EPC in the SEPA process. The EPC develops the payment schemes and frameworks necessary to realise SEPA. The EPC is not responsible for...

Read more
Insight

18 July 13

M-Payments: The EPC Advances its Work Concerning Mobile Payments

Creating a secure, stable and scalable mobile payments ecosystem The establishment of the mobile services ecosystem is rapidly moving forward. The number of partners involved in delivering and managing the applications today - be it a game, music or communication service - is still rather limited....

Read more
Insight

25 October 13

The 2012 Euro Payments Outlook

  I suppose we can all agree on this: European integration is not for the faint hearted. It requires the ability to remain focused on the long-term objectives despite the lamentations intoned by the prophets of doom who habitually predict the end of the world any time the going gets tough....

Read more
Insight

29 January 13

The Future of Payments: Markers for Success

Marker 1: deliver significantly more customer value than the market alternatives Payments is a business with high inertia and strong network effects. In such industries, the marginally better customer propositions of new entrants usually lose ground to those of incumbents that already enjoy broad...

Read more
News

24 October 13

EPC Public Consultation: EPC Publishes Second Edition of its 'White Paper on Mobile Payments' for Public Consultation. All Stakeholders are Encouraged to Provide Feedback by 23 March 2012.

The European Payments Council (EPC) published the second edition of its 'White Paper on Mobile Payments' (see related files below) which is now available for public consultation. The EPC encourages all Single Euro Payments Area (SEPA) stakeholders to provide feedback by 23 March 2012. To share comments,...

Read more
Insight

25 October 13

Talking about SEPA to Small Businesses? Food for Thought for Public Authorities, Banks and Other Service Providers: “Keep it Simple,” Says the Owner of Dance and Gymnastics School Girlfriends (45 Direct Debit Collections per Month)

From 1 February 2014 onwards, organisations making payments in the euro area will have to carry out credit transfer and direct debit transactions in line with the core provisions set out in the European Union (EU) ‘Regulation (EU) No 260/2012’, establishing technical and business requirements for credit...

Read more
Insight

30 July 13

EPC Invites Comments on New Mobile Wallet Payments White Paper

Mobile wallets and the payment ecosystem: creating customer convenience through the use of mobile wallets for payments Similar to the physical world, a mobile wallet typically contains, for example, identification information on the wallet holder, on payment instruments accessible to the wallet...

Read more
Insight

25 October 13

ISO 20022 is the New Language of Payments! The Standards Forum Launched the 'ISO 20022 Adoption mApp' Featuring Information on More than 60 ISO 20022 Initiatives Globally

As a key stakeholder in ISO 20022 and a long-term advocate of the standard’s ability to transform automation in the financial industry, SWIFT (Society for Worldwide Interbank Financial Telecommunication) has worked to raise awareness of the purpose and potential of ISO 20022 for some time. In September...

Read more
Insight

30 October 13

ISO 20022 is the New Language of Payments! The Standards Forum Launched the 'ISO 20022 Adoption mApp' Featuring Information on More than 60 ISO 20022 Initiatives Globally

  How to use the 'ISO 20022 Adoption mApp' The new ‘ISO 20022 Adoption mApp’ was developed by the Standards Forum. The Forum is organised by SWIFT (Society for Worldwide Interbank Financial Telecommunication) Standards with the support of financial institutions, leading standardisers, market...

Read more
Insight

10 May 13

EPC Plenary Meeting Update

The SEPA e-Payment Framework: next steps*** *** In June 2012, the EPC and its members decided to abandon the work on a draft SEPA e-Payment Framework In response to the rapidly increasing volumes of electronic commerce (e-commerce) payment transactions, the European Payments Council (EPC) has...

Read more
Insight

26 April 13

SEPA Migration - Don't Count on a Plan B

How the Eurosystem assesses migration progress From the first days of their launches in 2008 and 2009, the Eurosystem, which is comprised of the European Central Bank and the national central banks of the European Union Member States whose currency is the euro, has been monitoring the migration...

Read more
Insight

18 July 13

EPC Plenary Meeting Update

European Central Bank publishes first report on the migration towards the Single Euro Payments Area and warns against risks of late migration The European Central Bank (ECB) acts as an observer in all European Payments Council (EPC) working and support groups and in the EPC Plenary. At the Plenary...

Read more
Insight

25 October 13

On the Difference between Innovation and the Wild West: How to Ensure the Security of Bank Customers’ Funds and Data with Payment Account Access Services

On 24 July 2013 the European Commission (the Commission) published a ‘payments legislative package’ (see link below), which includes the Commission proposal for a revised Payment Services Directive (PSD2). According to the related Commission press release, “the review of the European Union (EU) payments...

Read more