1063 results
Insight

14 February 18

What the GDPR will concretely change for payment service providers

While the European payment industry is currently trying to assess how the revised Payment Services Directive (PSD2) will concretely impact each party’s business and operational model, another critical piece of European legislation will apply in May and necessitates immediate actions from payment service...

Read more
News

09 May 18

MPF appointed equensWorldline as SPL service provider

In December 2017 the Mobile Proxy Forum (MPF) launched a Request for Proposal (RFP) to provide a Standardised Proxy Lookup (SPL) service. The aim of the SPL service is to allow the exchange of the data necessary to initiate person-to-person (P2P) mobile payments between proxy-based P2P mobile payment...

Read more
News

03 June 15

EPC publishes updated ‘Creditor Identifier Overview’. This paper is relevant to creditors and payment service providers (PSPs) using the SEPA Direct Debit Schemes.

On 3 June 2015, the European Payments Council (EPC) published the version 4.0 of the ‘Creditor Identifier Overview’ (see ‘related files’ below).  The objective of this document is to inform creditors about the need for a Creditor Identifier (CI) on SEPA Direct Debit (SDD) mandates and forthcoming...

Read more
News

24 October 13

EPC and Cards Stakeholders Group Launch Public Consultation on Security Requirements for Remote Payments. All Interested Parties are Invited to Provide Feedback by 4 August 2013.

On 3 June 2013, the European Payments Council (EPC) together with the Cards Stakeholders Group (CSG) published version 6.5 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume for a six-week public consultation. This document defines a standard set of requirements to ensure an interoperable...

Read more
Insight

25 October 13

EPC and Cards Stakeholders Group Launch Public Consultation on Security Requirements for Remote Payments – All Interested Parties are Invited to Provide Feedback by 4 August 2013

On 3 June 2013, the EPC together with the Cards Stakeholders Group (CSG) published version 6.5 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume for a six-week public consultation (see links below). In addition, on 8 July 2013 the EPC together with the CSG issued a document on security...

Read more
News

25 March 14

EPC Blog: PSD2 – EPC identifies considerable scope for amendments of the proposed new set of rules related to the activity of third party payment service providers offering payment initiation or payment account information services.

In a previous blog, entitled ‘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’, the European Payments Council (EPC) observed: Convenience is a priority. Security is indispensable. Promoting payment...

Read more
Insight

25 March 14

PSD2: EPC Identifies Considerable Scope for Amendments of the Proposed New Set of Rules Related to the Activity of Third Party Payment Service Providers Offering Payment Initiation or Payment Account Information Services

In a previous blog, entitled ‘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’, the EPC observed: Convenience is a priority. Security is indispensable. Promoting payment innovation to the benefit...

Read more
News

15 October 14

EPC publishes ‘Guidance for SEPA Direct Debit Business to Business (SDD B2B) Scheme Mandate Confirmations’. This document is addressed to payment service providers participating in and creditors collecting payments under the SDD B2B Scheme.

In October 2014, the European Payments Council (EPC) published the document ‘Guidance for SEPA Direct Debit Business to Business (SDD B2B) Scheme Mandate Confirmations’. This document addresses the SDD B2B mandate confirmation requirements and operational implementation thereof prescribed in the SDD...

Read more
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...

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
News

24 October 13

EPC Publication: ‘Clarification Paper: SEPA Credit Transfer and SEPA Direct Debit’. EPC Addresses Operational Aspects Relevant to Payment Service Providers Participating in the SCT and SDD Schemes.

In January 2013, the European Payments Council (EPC) published a clarification paper which addresses operational aspects related to the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes (see 'related files' below'). The clarification paper seeks to ensure consistent implementation of the...

Read more
Insight

29 August 14

SEPA 2014: EPC Calls on European Parliament and EU Governments Represented in the Council of the European Union to Provide Clarity on SEPA Compliance Requirements As Soon As Possible

It is the task of European Union authorities driving the Single Euro Payments Area initiative to ensure planning security for all market participants The European Payments Council (EPC) has frequently pointed out that the Single Euro Payments Area (SEPA) is a European Union (EU) integration initiative...

Read more
Insight

31 October 14

The European Court of Justice Has Ruled that Interchange Fees Are Permitted if They Provide Benefits to Merchants. What are the Implications of the MasterCard Judgment for Interchange Fees in Europe?

Multilateral interchange fees (MIFs) and their benefits for cardholders and merchants MIFs are the fees paid by an acquirer, i.e., the bank or payment service provider of a merchant, to the issuer, i.e., the bank or payment service provider of the cardholder, for each transaction, to compensate...

Read more
News

24 October 13

EPC Blog: Talking about SEPA to small businesses? Food for thought for public authorities, banks and other service providers: “Keep it simple,” says a small business owner who plans to be SEPA ready in Autumn 2013.

European Union law effectively mandates migration to SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) in the euro area by 1 February 2014. Also payment service users have to achieve compliance with the SEPA Regulation, otherwise they risk refusal of payment transactions by payment service providers...

Read more
Insight

06 March 15

EPC and Cards Stakeholders Group Release Version 7.05 of the SEPA Cards Standardisation Volume for Public Consultation – All Interested Parties are Invited to Provide Feedback by 5 June 2015

On 10 March 2015, the European Payments Council (EPC), representing payment service providers, together with the Cards Stakeholders Group (CSG), published version 7.05 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume (the SCS Volume) for a three-month public consultation. This...

Read more
News

06 March 15

EPC and Cards Stakeholders Group release version 7.05 of the SEPA Cards Standardisation Volume for public consultation. All interested parties are invited to provide feedback by 5 June 2015.

On 10 March 2015, the European Payments Council (EPC), representing payment service providers, together with the Cards Stakeholders Group (CSG), published version 7.05 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume (the SCS Volume) for a three-month public consultation. This document...

Read more
Insight

25 October 13

EPC and Cards Stakeholders Group Release Version 6.5 of the SEPA Cards Standardisation Volume for Public Consultation – All Interested Parties are Invited to Provide Feedback by 14 July 2013

On 3 June 2013, the EPC together with the Cards Stakeholders Group (CSG) published version 6.5 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume for a six-week public consultation. This document defines a standard set of requirements to ensure an interoperable and scalable card and...

Read more
News

15 May 14

EPC launches three-month public consultation on the evolution of the SEPA Credit Transfer and SEPA Direct Debit Schemes. All stakeholders are invited to provide feedback by 15 August 2014.

On 19 May 2014 the European Payments Council (EPC) launched a three-month public consultation on possible modifications to the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks. The EPC encourages all Single Euro Payments Area (SEPA) stakeholders to provide feedback by 15 August 2014....

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

16 May 14

EPC Launches Three-Month Public Consultation on the Evolution of the SEPA Credit Transfer and SEPA Direct Debit Schemes. All Stakeholders are Invited to Provide Feedback by 15 August 2014

On 19 May 2014 the EPC launched a three-month public consultation on possible modifications to the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks. The EPC encourages all Single Euro Payments Area (SEPA) stakeholders to provide feedback by 15 August 2014. The next generation rulebooks,...

Read more
News

24 October 13

EPC and Cards Stakeholders Group Release Version 6.5 of the SEPA Cards Standardisation Volume for Public Consultation. All Interested Parties Are Invited to Provide Feedback by 14 July 2013.

On 3 June 2013, the European Payments Council (EPC) together with the Cards Stakeholders Group (CSG) published version 6.5 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume for a six-week public consultation. This document defines a standard set of requirements to ensure an interoperable...

Read more
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...

Read more
Insight

10 January 19

Italy: an evolving payment landscape

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Italy, one of the largest economies in Europe, has made significant progress in electronic payments in the past ten years and was among the first to adhere to Single...

Read more
Insight

11 April 18

Is Germany’s payment landscape changing?

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Germany has a fascinating and ever-changing payment landscape. This Western European country is not only a cash country but also a big fan of direct debits. So what is...

Read more
Insight

18 January 18

The Slovak payment landscape

We continue our series of European payment landscapes with a profile of Slovakia. This Eastern-European eurozone country has a binary cashless payment system using mostly cards and credit transfers. We interviewed Roman Hains, Slovak EPC Board Member, to learn more about the payment specifics of his...

Read more
Insight

03 August 17

Blockchain: Applications in payments

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In recent years, blockchain technology has significantly gained popularity because it has the potential to process financial transactions in ‘real time’ without compromising...

Read more
Insight

02 December 16

Payment solutions in innovative Estonia

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Estonia has gained recognition as a hub for e-services and start-ups. A small country, with a preference for bank cards and online banking, which is following its own...

Read more
Insight

28 July 15

Realising the European 'Payments Dream'

The online e-commerce market in Europe has undergone a period of immense growth in the past few decades. Of the nearly 820 million people who live in Europe, over 40 percent are e-shoppers. There are over an estimated 715,000 online businesses and nearly 2.5 million jobs which directly or indirectly...

Read more
Insight

28 April 15

Instant Payments – a Winning Bet?

A ‘history’ of instant payments There has been much debate in the payments industry and among public authorities on the case for ‘faster’, now ‘instant’ payments. Users expect a seamless payment experience, public authorities foster efficiency, providers strive to maintain profitability while meeting...

Read more
Insight

28 July 15

The Year Ahead in Payments Standardisation

The role of EMVCo EMVCo is a global technical body owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa. By managing and evolving the EMV® Specifications and related testing processes, EMVCo facilitates the worldwide interoperability and acceptance of secure payment transactions,...

Read more
News

24 October 13

Cards and Payments Europe 2010

The retail payments landscape is constantly evolving, adapting to new technology and meeting the changing needs of the consumer. In such a highly competitive and volatile market it is crucial to be aware of the key issues and stay ahead of the curve. SMi's Retail Cards and Payments Conference...

Read more
Insight

26 September 11

Common Architecture for Mobile Payments

Creating practical solutions for SEPA mobile payments Given the proliferation of mobile phones and related service levels throughout the European Union (EU), the EPC recognises that the mobile channel is an ideal launch pad for SEPA payment instruments. Many consumers are already using mobile phones...

Read more
Insight

30 July 15

A Corporate View of Instant Payments

The European Association of Corporate Treasurers (EACT) supports a competitive and integrated European payments market and has for many years been an active participant in the development of Single Euro Payments Area (SEPA) payments. In particular, we have welcomed the goal of creating a set of pan-European...

Read more
Insight

10 November 11

Take Payments to the next Level

The ISO 20022 message standards in the SEPA context In the world of payments processing, the role of the data format used to exchange information between the parties involved in a payment transaction can be compared to the role of language in communication between people. Today, dozens of different...

Read more