The European Payments Council (EPC) has published an updated version of its recommendations on customer reporting of Single Euro Payments Area (SEPA) credit transfers and direct debits.

As part of its move to create further harmonisation of bank-to-customer (B2C) payments, the EPC has updated the original version of its recommendations (first issued in 2009) for the uniform mapping of EPC SEPA scheme rulebook requirements to the ISO 20022 cash management messages.

ISO 20022 standards are already mandatory in the SEPA Rulebooks for interbank transactions and there is also already provision for this in customer-to-bank (C2B) implementation guidelines. According to the EPC's introduction to the recommendations, which can be read in full here, the revision to B2C recommendations is the third and final link in the chain.