249 results
News

30 January 19

Call for experts for Multi-Stakeholder Group on Request-To-Pay

We invite experts to join our new Request-To-Pay Multi-Stakeholder Group (RTP MSG): applications have to be submitted by 15 February 2019. The landscape of payment solutions in the retail market is undergoing transformation, under the influence of the development of account-based real-time payment...

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Insight

28 January 19

API Evaluation Group: achievements, challenges and looking ahead

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Created in January 2018, the Application Programming Interface Evaluation Group (API EG) was composed of representatives from various account-servicing payment service...

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Insight

20 April 12

SEPA Direct Debit: the Green Light

European banking industry confirms its commitment to SEPA With approval of its Roadmap 2004 – 2010 the EPC Plenary committed to develop the schemes and frameworks that are the basis of the integrated euro payments market. The schemes developed by EPC define sets of business rules and standards that...

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Insight

05 November 09

Going all the Way

Harmonised use of bank-to-customer messages facilitates end-to-end processing of SEPA transactions Ultimately, the "outcome" of a payment transaction must be communicated by a bank to the customer. Such communication takes place, for example, vi a account statements informing bank customers...

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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...

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Insight

30 October 13

EPC Plenary Meeting Update

  Outcome of the SEPA Council meeting of 23 September 2013 The Plenary addressed the outcome of the SEPA Council meeting that took place on 23 September 2013. The SEPA Council, which brings together representatives of both the demand and supply sides of the payments market, including the EPC,...

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News

05 December 17

A summary of the November ERPB meeting

The Euro Retail Payments Board (ERPB – a high-level body chaired by the European Central Bank and gathering the supply and demand sides of European retail payments) held its latest meeting on 29 November. Several of the hottest payment topics of the moment were discussed at this meeting. The EPC...

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News

24 October 13

EPC publishes clarification letter on electronic mandates.

It is widely recognised that the efficient handling and the acceptance of electronic mandates is a very important element in the context of a successful migration to and for the further development of the SEPA Direct Debit (SDD) Core and Business to Business (B2B) Schemes. A mandate is signed by the...

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Insight

04 May 17

The Swiss move to ISO 20022

The SEPA payment schemes are based on ISO 20022, a global open standard developed by the International Organization for Standardization (ISO). The migration to SEPA was possible thanks to the widespread adoption by European payment service providers (PSPs) of this standard, which has become the true...

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Insight

29 October 12

EMV Goes Global: The End of an Era for the Magnetic Stripe Payment Card

EMV®1 technology is gaining traction worldwide. This is good news for Europe and other regions that have invested in and adopted this card payment framework. EMV is a global standard for credit and debit payment cards based on secure chip card technology. The SEPA Cards Framework (SCF) developed...

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Insight

26 October 10

Less is more: one Standard for Customer-to-Bank Communication

For an introduction to the concept of the SEPA Data Formats and the related SEPA Implementation Guidelines see the information provided in box below Consultations of bank customers carried out regularly to identify their SEPA requirements have revealed the pronounced need - voiced in particular...

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Insight

30 September 09

It’s all Greek to You?

Creating a consistent customer experience The initial default solution to only use the Latin alphabet when making a SEPA payment aimed at reducing the complexities involved with the implementation of SEPA services across 32 countries. Whereas banks may agree bilaterally or multilaterally to accept...

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Insight

09 December 14

Update on Work Items Addressed by the Euro Retail Payments Board (ERPB) Chaired by the European Central Bank: SEPA Credit Transfer, SEPA Direct Debit, Instant and Mobile Payments

This blog describes next steps agreed by the Euro Retail Payments Board (ERPB), chaired by the European Central Bank (ECB), at the second ERPB meeting held on 1 December 2014 with regard to the following topics: SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) post-migration issues; pan-European...

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Insight

09 July 15

Update on outcomes following the Euro Retail Payments Board’s third meeting: Instant Payments in Euro, Person-to-Person Mobile Payments, Technical Standards Related to Payment Cards and E-invoicing Payment Issues

This blog describes next steps agreed by the Euro Retail Payments Board (ERPB), chaired by the European Central Bank (ECB), at its third meeting held on 29 June 2015 with regard to the following topics: instant payments in euro, person-to-person (P2P) mobile payments, technical standards related to payment...

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Insight

25 October 13

SEPA Governance: Setting the Record Straight. SEPA is European integration in action. This process allows any party to engage. There is no 'SEPA governance issue'

Several Brussels-based lobbying organisations regularly claim that the Single Euro Payments Area (SEPA) process is ‘driven exclusively by the banking industry' and ‘leaves out all other stakeholders'. In the view of the EPC, this statement is inaccurate and misrepresents the role of the EPC in the SEPA...

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