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.
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…
Read moreWhat opportunities does EPC’s SEPA Instant Credit Transfer open up?
by Kylene Casanova
Why bother when SCT Inst goes operational in November 2017?
“EBA’s response undermines objectives of PSD2”, puts future of PSD2 in doubt?
by Kylene Casanova
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 Kylene Casanova
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
Real-time revolution: not just payments, also about data services
by Kylene Casanova
A webinar on the SEPA Instant Payments initiative hosted by D+H and Finextra discussed the revolution currently transforming the payments industry, in particular through real-time payments
EPC opens registration for instant payments scheme
by Kylene Casanova
The European Payments Council has announced that the registration for the SEPA Instant Credit Transfer scheme is now open for payment service providers
SEPA instant payments was one of 2016’s success stories, says EPC
by Kylene Casanova
The SEPA Instant Credit Transfer (SCT Inst) scheme was one of the 'greatest hits' of 2016, writes Javier Santamaria in the European Payments Council (EPC), in its December newsletter.
EPC announces new versions of SEPA payments rulebooks
by Kylene Casanova
New versions of the SEPA payments rulebooks will benefit corporate customers.
Non-euro EU/EEA countries to comply with SEPA by 31 October 2016
by Kylene Casanova
Twelve EU countries have a SEPA migration deadline looming on 31 October. The transition is expected to be smooth but corporates should be aware of the change.
Draft strategy will improve access and consolidate UK payments system
by Kylene Casanova
The Payments Strategy Forum has published a draft strategy setting out simpler access, greater innovation, increased adaptability and better security for the UK's payments system.
Brexit: possible impact on UK consumer payments, on PSD and regulatory authorities
by Kylene Casanova
PSE consulting expect few upsides: Payment Service Directives to remain but eMoney: Payment Institutions will probably to move their headquarters to other European markets; and EBA will almost certainly move
The future of EU payments: fees, instant payments and evolving infrastructure
by Kylene Casanova
The European Payments Council (EPC) has published its June newsletter, which covers the future of instant payments, the impact of the card interchange fee regulation and payments in the US and Finland.
Future vision of European payments under discussion at #EBAday2016
by Kylene Casanova
EBAday 2016 has kicked off this morning in Milan, bringing together payments professionals from across the EU.
SEPA regulation paving the way for harmonised European cards industry
by Kylene Casanova
The European Payments Council (EPC) has published an infographic about the Cards Standardisation Volume, a key piece of regulation for the EU cards industry.
Q&A on the Sepa Instant Credit Transfer scheme
by Kylene Casanova
The EPC has published questions and answers on some of the main considerations on the Sepa Instant Credit Transfer scheme, which is currently up for public consultation.
Jersey, Guernsey and Isle of Man now part of SEPA
by Kylene Casanova
The islands of Jersey, Guernsey and the Isle of Man, known as the British Crown Dependencies, are part of the geographical scope of the Single Euro Payments Area (SEPA) schemes, as of 1 May 2016.
Sepa Instant Credit Transfer explained in infographic
by Kylene Casanova
This infographic from the European Payments council (EPC) gives us some data about the Sepa Instant Credit Transfer 'in a nutshell'.
EPC launches public consultation on their pan-European scheme for instant payments
by Kylene Casanova
What should corporates demand from the pan-European instant payment scheme? Don’t let banks decide, get involved. You have until 10 July 2016 to comment. Scheme goes live in November 2017
EPC issues clarification on ‘Change of Creditor’ rules for Sepa Direct Debit
by Kylene Casanova
The European Payments Council has published a paper that clarifies whether a new Sepa Direct Debit mandate is required in case of a change of the creditor or of the creditor reference party.
EPC to open SEPA scheme rulebook consultation until 4 July
by Kylene Casanova
The European Payments Council (EPC) has announced that consultations on the three existing SEPA scheme rulebooks will be open from 5 April to 4 July 2016.
EACHA to produce ACH framework for instant euro payments
by Kylene Casanova
A group of payments industry bodies led by EACHA is due to present the business requirements for ensuring risk management, clearing and settlement and interoperability for instant payments in euro.
Jersey, Guernsey and Isle of Man to become part of Sepa
by Kylene Casanova
As of 1 May 2016, the three British Crown dependencies will be incorporated into the geographical scope of the Single euro payments area.
Milestone for SEPA migration as deadline for use of IBAN only is reached
by Kylene Casanova
Exemptions of the use of IBANs, BICs and the ISO 20022 XML message standards came to an end on 1 February 2016, marking a milestone in the migration to Sepa.
Payments UK launches Sepa directory ahead of 1 February deadline
by Kylene Casanova
On 1 February 2016, payment service providers (PSPs) in the Eurozone will be required to process Single euro payments area (Sepa) payments using only international bank account numbers (IBANs).