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The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. On 30 November 2020, the European Payment Council (EPC) launched the first version of its Single Euro Payments Area (SEPA) Request-To-Pay (SRTP) scheme rulebook. The S

The EPC now counts among its members one additional organisation: •    PERSPECTEEV SAS (based in France) The EPC now represents 76 payment service providers and their associations. Two further organisations have the status of ‘associate member’.

Following a three-month public consultation, and in close collaboration with stakeholders from the entire payment value chain, the EPC publishes today the first version of the Single Euro Payments Area (SEPA) Request-To-Pay (RTP) scheme rulebook. The SRTP scheme covers the set of operating rules and

Today the EPC published the 2021 EPC SEPA payment scheme rulebooks and the related Implementation guidelines (IGs). All 2021 EPC SEPA payment scheme rulebooks enter into force on 21 November 2021. To ensure planning security for all market participants, the publication of the new rulebook versions f

The European Payments Council’s Dispute Resolution Committee (DRC) – the body responsible for the compliance function of scheme management) will enter into office on 1 April 2020, when the revised EPC By-laws as well as the Dispute Resolution Committee Mandate become effective. As of that date, the

Updated 2019 rulebook versions for the SEPA Credit Transfer (SCT) scheme, the SEPA Instant Credit Transfer (SCT Inst) scheme, the SEPA Direct Debit Core (SDD Core) scheme and the SDD Business-to-Business (SDD B2B) scheme have been published on 5 March 2020. The updated versions are in force from 1 A

The United Kingdom (UK) and European Parliaments have now ratified the UK Withdrawal Agreement, paving the way for the UK to leave the European Union (EU) on 31 January 2020. The UK will then enter the agreed transition period, which currently runs from 1 February until 31 December 2020. Therefore,

The European Payments Council (EPC) publishes today the updated version 1.2 of the 2019 SEPA payment rulebooks. The version 1.2 has no impact on the business and operational rules compared to the versions 1.0 and 1.1 of the 2019 rulebooks, or on any specification in the related implementation guidel

November 2017 marked a major event in an increasingly instant world: the launch of the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables credit transfers in ten seconds – or less – across the SEPA. Since its launch, the SCT Inst scheme has kept on growing, and the la

European Central Bank’s (ECB) survey1 results show that cash was on average* dominant at the point-of-sale (POS) in the overall euro area in 2016, i.e. 78.8% of purchases were paid using cash. The EPC invited professionals working in the payments industry to share their views on how the future

As part of the EPC’s regular change management cycle the Single Euro Payments Area (SEPA) Credit Transfer (SCT), the SEPA Instant Credit Transfer (SCT Inst), the SEPA Direct Debit Core (SDD Core) and the SDD Business-to-Business (SDD B2B) schemes, and in line with its commitment to stakeholders’ inv

The EPC Scheme Management Board (SMB) – the body responsible for the administration and evolution of the EPC Single Euro Payments Area (SEPA) payment schemes – is inviting interested parties to apply for a vacancy for an 'independent member', effective from 18 November 2020 to 28 April 2021, with th

The EPC Scheme Management Board (SMB) – the body responsible for the administration and evolution of the EPC Single Euro Payments Area (SEPA) payment schemes will be renewed in 2021. In addition to the seats allocated to scheme participant representatives (maximum 20), three seats (including the Cha

Today the European Payments Council (EPC) published the version 1.5 of the clarification paper on Single Euro Payments Area (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) rulebooks. The paper applies to the current applicable 2019 SCT and SCT Inst rulebooks and provides gui

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Nordic Payments Council (NPC) developed the first Nordic payment schemes, based on and close to the European Payments Council’s (EPC) Single Euro Payments Area (SE

During the summer of 2020, the European Payment Council (EPC) launched a three-month public consultation on the draft rulebook of its new Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme. The SRTP rulebook public consultation was a great success and generated by the deadline of 30 Augus

On 7 March 2019, the EPC published its decision paper on Brexit and United Kingdom’s (UK) payment service providers’ (PSPs) participation in the EPC SEPA payment schemes, approving UK Finance's application for the continued participation of UK PSPs in the EPC SEPA payment schemes, even in the event

The European Payments Council (EPC) launches today a 90-day public consultation on the draft rulebook it developed for its new SEPA Request-to-Pay (SRTP) scheme. The SRTP scheme, which is based on the RTP specifications document  produced by the RTP Multi-Stakeholder Group (MSG RTP), covers

The European Payments Council (EPC) is committed to contribute to safe, reliable, efficient, convenient, economically balanced and sustainable payments, which meet the needs of payment service users and support the goals of competitiveness and innovation in an integrated European economy. For this r

In September 2020, the EPC decided to migrate all its SEPA payment schemes to the 2019 version of the ISO 20022 message standard by 19 November 2023 i.e. the entry-into-force date of the 2023 EPC SEPA payment scheme rulebooks. This implementation combined with possibly new/amended business and/or fu

Today the EPC has published version 2.0 of the SEPA Proxy Lookup (SPL) scheme rulebook which consists of a set of rules, practices and standards that makes it possible to operate, join and participate in the SPL scheme. The rulebook will come into effect on 1 June 2020. The updated SPL rulebook,

On 2 June 2020, the EPC launched a three-month public consultation on the rulebook for the new SEPA Request-to-Pay (SRTP) scheme, which will provide a new way to request a payment initiation. We interviewed the ad-hoc RTP Task Force (RTP TF) chair Jean-Yves Jacquelin to shed some light on the future

Today the EPC published a new version of the guidelines on cryptographic algorithms usage and key management in order to provide guidance to the European payments industry, more precisely to security officers, risk managers, system engineers and systems designers. Although its content does not a

As of 1 January 2021 the United Kingdom (UK) is set to leave the single market and customs union, either with an European Union (EU) - UK deal, negotiated during the transition period, or without it (i.e. "no-deal" Brexit). The UK will at that point maintain participation in the Single Euro payments

November 2017 marked a major event in an increasingly instant world: the launch of the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables credit transfers in ten seconds – or less – across the SEPA. Two and a half years on, the scheme has grown significantly, and the

The ad-hoc multi-stakeholder group on Mobile Initiated SEPA (Instant) Credit Transfers, (MSG MSCT), which is facilitated by the European Payments Council (EPC) has conducted through a newly established dedicated work-stream, a more detailed analysis of the technical interoperability of MSCTs based o