UK to stay in SEPA regardless of Brexit outcome
by Graham Buck
The European Payments Council agreed that the UK will remain a member of the single euro payments area.
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SEPA Payment Structure & Services
Background
The European Central Bank (ECB) and the European Commission describe SEPA (Single Euro Payments Area) as "an integrated market for payment services which is subject to effective competition and where there is no distinction between cross-border and national payments within the euro area. This… Read more about SEPA Payment Structure & Services
EU works towards cheaper cross-border payments
by Graham Buck
The majority of the new regulations are scheduled to be introduced this December.
EU seeking accelerated adoption of TIPS
by Graham Buck
The European Commission wants more banks to adopt its TARGET instant payment settlement system.
ECB goes live with TIPS pan-European instant payments
by Bija Knowles
The European Central Bank has launched the TARGET instant payment settlement system for instant eurozone transactions
Brexit - it is still not too late: “Be aware and be prepared”
by Jack Large
You might need the HSBC interactive PDF which summarises the key dates, top considerations and five steps for Brexit readiness
What happens to UK SEPA payments after Brexit?
by Bija Knowles
The EPC has outlined its position on several possible post-Brexit scenarios and how they will affect SEPA payment schemes
European CFOs optimistic but with less enthusiasm
by Jack Large
Plan capital spending and hiring despite uncertainties as risk appetite and uncertainty levels remain static while skills, cyber security and protectionism dominate list of concerns
Banks prepare to tackle open banking/PSD2 challenges
by Bija Knowles
Banks are facing unprecedented changes as some of the requirements of the revised Payments Service Directive (PSD2) take effect this year
Happy tenth anniversary SEPA and congratulations!
by CTMfile
EPC infographic shows how far how SEPA has come, but what revolution will match it?
PSD2: what should we expect on 13 January?
by Bija Knowles
The short answer is 'not much'. While PSD2 could bring changes in the long-term (more competition, collaboration and innovation), in the short-term it's more of a transition than a big bang
10 key trends for payments in 2018
by Bija Knowles
All eyes will be on how PSD2 will change the payments landscape this year – but instant payments, advanced authentication technologies and DLT will also change the way we pay in 2018
EBA publishes final guidelines on PSD2 security measures
by Bija Knowles
Guidelines for appropriate security measures to mitigate operational and security risks under PSD2 have been issued by the European Banking Authority
SCT Inst to gain critical mass by 2020 – EPC poll
by Bija Knowles
The SEPA Instant Credit Transfer is expected to take off quickly and will reach a critical mass in Europe before 2020, according to the results of a web poll by the European Payments Council
How will you use SCTInst?
by Bija Knowles
The EPC has listed 20 examples of how businesses and individuals will use the Eurozone's new real-time payments mechanism, the SEPA Instant Credit Transfer Scheme (known as SCTInst)
9 facts to clarify how PSD2 will affect security and e-payments
by Bija Knowles
A fact sheet published by the European Commission explains how the payments directive will pave the way for innovation and enable a safer payments environment for consumers and businesses
Eurosystem plans TIPS development to support SEPA Inst
by Bija Knowles
The SEPA instant credit transfer scheme will go live on 21 November so the EPC interviewed its own Marc Bayle on how another part of the instant payments picture is being developed
Banks face PSD2 compliance challenge before 2018
by Bija Knowles
Few banks are ready for the revised EU Payments Services Directive (PSD2) and just 9 per cent were in the implementation stage of the new PSD2 requirements earlier this year
Commission proposes steps to solve screen-scraping problem
by Bija Knowles
Last week the NextGenPSD2 Conference was held in Berlin and the issue of APIs and screen-scraping (or direct access) were discussed
Nearly 600 payment service providers will be ready for SCT Inst on 21 November
by Jack Large
15,000 euro transfer from one account to another in maximum ten seconds from PSPs from 8 countries will be ready and officially registered
Rulebooks for all SEPA payment schemes updated
by Jack Large
No operational impact; only reflect regulatory impact against the oversight standards of the Eurosystem
Trust and legislation are key to success of instant payments
by Bija Knowles
In Denmark, the population has been quick to adopt new technologies such as mobile payments and have had an instant payment system since November 2014.
What opportunities does EPC’s SEPA Instant Credit Transfer open up?
by CTMfile
Why bother when SCT Inst goes operational in November 2017?
“EBA’s response undermines objectives of PSD2”, puts future of PSD2 in doubt?
by CTMfile
Row between EBA and European Fintech Alliance about proposed changes to PSD2 operating rules questions the very viability of fintech in Europe as EBA tries to protects their interests
Revolution in payments business: new model will change the game and the rules
by CTMfile
Corporate treasurers will need to assume that they receive/collect from all payment rails, the key choice will be which payment app they accept payments/collections from