22 December 23
Publication of v3.2 of the SEPA Request-To-Pay (SRTP) scheme rulebook and related clarification paper
Today the European Payments Council (EPC) has published new versions of the SEPA Request-to-Pay (SRTP) scheme rulebook as well as the rulebook-related clarification paper. Version 3.2 of the SRTP scheme rulebook includes clarifications related to Enrolment and Activation processes, to be al
30 May 22
Clarification Paper on the SEPA Request-to-Pay scheme rulebook
Today the European Payments Council (EPC) published its clarification paper on the Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme rulebook which can be found in “related documents”. The purpose of the clarification paper is to provide guidance and, where feasible, recommendat
09 April 20
New version of the Clarification Paper on SCT and SCT Inst
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
05 February 21
Clarification Paper on the SEPA Request-to-Pay scheme rulebook
Today the European Payments Council (EPC) published its clarification paper on the Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme rulebook which can be found in “related document”. The purpose of this document is to provide guidance and, where feasible, recommendations to the
06 July 21
New version of the Clarification Paper on SEPA Credit Transfer and SEPA Instant Credit Transfer rulebooks
Today the EPC published the version 1.7 of the Clarification Paper on Single Euro Payments Area (SEPA) Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) rulebooks. The objective of this new document is to offer information and recommendations to the scheme participants. This ve
SEPA Credit Transfer rulebook and implementation guidelines
SEPA Direct Debit B2B rulebook and implementation guidelines
SEPA Instant Credit Transfer rulebook and implementation guidelines
30 January 24
The euro cash cycle: how does it work and what is its environmental impact?
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council nor the associations or its members he represents. Cash is the most frequently used form of payment by Europeans at the point of sale. For this reason, an adequate cash
SEPA for cash
SEPA goes mobile
Contributing to the future of payments in Europe
31 May 23
Latest publications related to the SRTP scheme
Today the European Payments Council (EPC) has published the new versions of the SEPA Request-to-Pay (SRTP) scheme rulebook as well as the rulebook related clarification paper. The SEPA Request-to-Pay scheme rulebook version v3.1 Version 3.1 of the SRTP scheme rulebook, includes some clarificat
SEPA Direct Debit
What is a payment scheme?
10 December 20
Understanding the cash cycle
The European Payment Council (EPC) published today a brief public information paper titled “Understanding the cash cycle for banknotes: a high-level description of the generic model and some observations” which was created by its Cash Efficiency Working Group (CEWG), aiming to provide a high-level d
31 May 23
A pathway to improve the security of card payment systems
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Smart Payment Association (SPA) is the trade body of the cards and mobile payments industry and addresses the challenges of a fast-evolving payment ecosystem, prom
11 January 23
Results of the EPC poll on the most effective steps to make payments more sustainable
During the past two months, the European Payments Council (EPC) invited professionals working in the payments industry to answer the following question: “In your opinion, what are the most effective step(s) to make payments more sustainable”: The results were as follows: The results show
22 July 20
Around the web – a compilation of some interesting reports about payments published last quarter
*The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. During the second quarter of 2020, we gathered a list of recent and free reports that shine a spotlight on the future of payments, open banking and other intere
15 December 21
SEPA Request-to-Pay (SRTP) Scheme - A new driver for innovation in European payments
The Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme managed by the European Payments Council (EPC) covers a set of operating rules and technical elements (including messages) that allow a Payee to request digitally the initiation of a payment from a Payer in a wide range of physical or
20 April 20
Results of the EPC poll on the average market share of cash at the POS by 2025 in the euro area
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