Contributing to the future of payments in Europe
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SEPA Instant Credit Transfer
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28 November 23
The EPC One-Leg Out Instant Credit Transfer (OCT Inst) payment scheme goes live
Brussels, 28 November 2023 - As of today 08h00 CET, the new payment scheme of the European Payments Council (EPC) designed for international instant credit transfers is ready for use. The launch of the OCT Inst scheme marks a significant development for the EPC as it is the EPC’s first venture outsi
24 November 20
Results of the EPC poll on future share of SCT Inst volumes
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
18 July 23
The Croatian payment landscape
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Croatia became the 20th EU Member State to join the euro on 1 January this year. Since the end of June, the SEPA Instant Credit Transfer (SCT Inst) scheme has been in
01 December 23
The Finnish payment landscape: a digitalised society with one of the most developed payments ecosystem in the world
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Finland is a European frontrunner in payment digitalisation, with e-invoicing particularly commonplace in the country – a likely trend anticipated to happen in the res
10 January 23
Public consultation on draft document “Interoperability of MSCTs based on NFC or BLE”
Today the European Payments Council (EPC) is launching a public consultation on the draft document “Interoperability of mobile initiated SEPA (instant) credit transfers (MSCTs) based on Near Field Communication (NFC) or Bluetooth Low Energy (BLE)”. The consultation will run for ten weeks before a fi
31 August 22
EPC’s 20th anniversary conference: “Integrated, innovative and competitive European payments: a generation’s effort or a never-ending quest?”
This year is very special for the European Payments Council (EPC), which celebrates its 20th anniversary. To mark this occasion, the EPC organised a conference on 16 June 2022 with the following theme: “Integrated, innovative and competitive European payments: a generation’s effort or a never-ending
28 May 20
Public consultation on Technical Interoperability of MSCTs based on payer-presented data
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
20 December 21
Call for nominations for open seats in the MSG MSCT Work-Stream on Interoperability of MSCTs based on NFC or BLE
To contribute to the take-up of mobile initiated (instant) credit transfers (MSCT) in Europe, the EPC created in 2018 an ad-hoc multi-stakeholder group (MSG MSCT). The group has been focusing during the past years on the interoperability of MSCTs across the Single Euro Payments Area (SEPA) and publi
SEPA Credit Transfer Rulebook - Public Consultation Document on 2024 Change Requests and Response Template
SEPA Direct Debit Core Rulebook - Public Consultation Document on 2024 Change Requests and Response Template
Public consultation on the SEPA Request-to-Pay scheme Rulebook change requests
20 April 23
New EPC Director General Giorgio Andreoli outlines his vision and the challenges ahead
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Giorgio Andreoli took up the post of Director General of the European Payments Council (EPC) on 1 April 2023. We interviewed him to shed light on his first impressions
27 October 22
New entry-into-force time of the 2023 EPC SEPA Instant Credit Transfer rulebook preceded by a SEPA-wide downtime period
Today, the European Payments Council (EPC) has published version 1.1 of the 2023 EPC SEPA Instant Credit Transfer rulebook and related document on the SCT Inst maximum amount. This rulebook version replaces with immediate effect version 1.0 of the 2023 SCT Inst rulebook published in May 2022. It hig
25 May 23
One-Leg Out Instant Credit Transfer scheme – enabling faster payments between SEPA and the rest of the globe
On 28 March 2023, the European Payment Council (EPC) published the first version of its One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme rulebook. This new scheme allows payment service providers (PSPs) to handle the Euro Leg of an international cross-border and/or cross currency (instant
26 May 21
Pushing the frontiers of payments: towards a global payments area
The views expressed in this article are solely those of the author and not necessarily those of the BIS or CPMI and they should not be attributed to the European Payments Council. The Committee on Payments and Market Infrastructures (CPMI), the global standard setter that aims to enhance th
06 September 21
The investigation phase of the digital euro project is about to start
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. After analysis, experiments and input from citizens and professionals, the Governing Council of the European Central Bank (ECB) has decided to launch the investigation
30 May 22
The European Payments Council's 20th anniversary: contributing to the future of payments in Europe
We continue our series of articles for the 20th anniversary of the European Payments Council (EPC). This time we interviewed Rita Camporeale, EPC Vice-Chair. We wanted to hear her thoughts on European payments and more particularly on how the EPC has changed over the years, what lessons have been le
20 January 21
Call for nominations for five open seats in the MSG MSCT Plenary
To contribute to the take-up of mobile initiated (instant) credit transfers (MSCTs) in Europe, the EPC created in 2018 an ad-hoc multi-stakeholder group (MSG MSCT). The group has been focusing during the past years on the interoperability of MSCTs across Single Euro Payments Area (SEPA) and publishe
07 October 21
Digitalisation trends in the Swiss payment landscape
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We interviewed Dieter Goerdten, Head of Products & Services at SIX BBS Ltd. and Michael Montoya, CEO of SIX Interbank Clearing Ltd. to know more about the latest u