444 results
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...

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Insight

26 April 18

Consumer Financial Services Action Plan: payment-related actions

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. A key priority of the Juncker Commission is building a deeper and fairer Single Market, which allows people, services, goods and capital to move freely in an economy...

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Insight

25 October 13

There is Only Plan A: Get Ready for SEPA in the Next Twelve Months in the Euro Area! Latest Data Shows Good Progress in the Corporate Sector Now Preparing for the 1.2.2014 Deadline

Are you excited yet? After more than a decade of the Single Euro Payments Area (SEPA) in the making, this most ambitious European Union (EU) integration project in the area of electronic euro payments will become a reality in the next twelve months. As reported on many previous occasions: the ‘Regulation...

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Insight

25 October 13

Friendly Reminder: EU Law Mandates Migration to SEPA by February 2014 in Euro Area. Recommendation is to Rely on EU Legislator (Not on Speculations Regarding the Impact of the Euro Debt Crisis on SEPA) when Planning Migration. The Time to Act is Now.

For the purposes of this blog it is necessary to repeat the obvious: the European Union (EU) Regulation No. 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation EC No. 924/2009 (the Single Euro Payments Area (SEPA) Regulation)...

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News

24 October 13

EPC Blog: EU Law Mandates Migration to SEPA by February 2014 in Euro Area. Recommendation is to Rely on EU Legislator (Not on Speculations Regarding the Impact of the Euro Debt Crisis on SEPA) when Planning Migration. The Time to Act is Now.

Some commentators suggest delaying the 1 February 2014 deadline in the euro area for migration to the Single Euro Payments Area (SEPA), mandated with the Regulation (EU) 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro (the SEPA Regulation), due...

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News

24 October 13

EPC Blog: There is Only Plan A: Get Ready for SEPA in the Next Twelve Months in the Euro Area! Latest Data Shows Good Progress in the Corporate Sector Now Preparing for the 1.2.2014 Deadline.

As reported on many previous occasions: the European Union (EU) 'Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro', which is commonly referenced as the Single Euro Payments Area (SEPA) Regulation, effectively mandates migration...

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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...

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Insight

09 October 19

Belgium: SCT Inst implementation

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. As of March 2019, the Centre for Exchange and Clearing (CEC), the Belgian automated interbank payment system for retail payments, initiated their instant payment platform...

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Insight

26 September 19

Sweden: cashless society and digital transformation

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Sweden is leading the race to become the world's first almost cashless society: the use of cash has been declining for years, and instant mobile payments and other new...

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News

18 January 19

Guidelines on cryptographic algorithms usage and key management

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 assume...

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News

24 October 13

Launch joint SEPA portal

On this SEPA portal, a joint vision on SEPA by the European Central Bank (ECB) and the European Commission (EC) and the European Payments Council (EPC) is published. Furthermore there are links to the national migration plans.

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News

22 November 18

Publication of the 2019 EPC SEPA scheme rulebooks

The EPC Single Euro Payments Area (SEPA) scheme rulebooks are updated every two years to reflect market needs and evolutions in the technical standards. We have just published the new versions of the four EPC SEPA scheme rulebooks as a result of the rulebook change management cycle that started in 2017....

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News

24 October 13

Information on Creditor Identifiers

The Creditor Identifier is an important piece of information for a Debtor to automatically recognise a Creditor.  How creditor Identifers are structured in the various communities and how they are managed will be brought  together in one guidance document .  This was originally planned for June 2008...

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News

29 April 16

Latest News on the SCT Inst Scheme: Read the Q&A

With the public consultation on the SEPA Instant Credit Transfer (SCT Inst) scheme currently open, stakeholders planning to participate might have questions on the scheme, the public consultation itself, and the next steps until the scheme’s implementation. To answer this need, the EPC publishes...

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Insight

03 October 18

Taking a closer look at Norway's payment landscape

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Norwegian payment landscape is characterised by increasingly popular card payments and the well-developed infrastructure that supports them. We wanted to find out...

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Insight

21 September 17

Greece’s progress towards a ‘less cash’ society

While the average number of card transactions per capita and per year in the European Union (EU) is 90, it is only 50 in Greece, which places the country among the Member States most attached to cash. However, due to both government demands to reduce cash use in the country, and to the growing appetite...

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Insight

31 May 16

If you missed them: a selection of interesting reports about payments

World Class Payments - a report by Payments UK on how consumers around the world make payments (February 2016) Strategies for improving the US payment system - a progress report from the US Federal Reserve (February 2016) Game of Phones: The Giants’ Power Plays in Mobile Payments - a report...

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News

24 October 13

Migration of Legacy Mandates to the SDD Scheme

In response to concerns expressed by a wide range of market stakeholders on this subject, EPC is working on facilitation measures intended to support communities in the migration from mandates signed under national direct debit schemes to SEPA Mandates. As there cannot be a 'one size fits all' solution...

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