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ERPB makes progress on e-invoicing for EU business

During a meeting held on 29 June 2015 and chaired by the European Central Bank (ECB), the Euro Retail Payments Board (ERPB) endorsed the goal of establishing a harmonised electronic invoice/bill presentment & payment (EIPP/EBPP) service for payers and payees, and an electronic invoicing/billing network for payees to reach all consumers and businesses in Europe.

The members of the ERPB agreed to conclude the next steps towards the implementation of pan-European EIPP/EBPP solutions in the meeting of the ERPB in November 2015.

In a blog on the European Payments Council's (EPC's) website, the EPC stated that it “shares the overall vision which was articulated in the note prepared by the ERPB Secretariat. The EPC also subscribes to the view that the topic should form part of a broader, end-to-end perspective and be linked to the recently announced EC ‘Digital Single Market’ initiative as well as to previous work carried out at EC level.”

During the meeting, the ERPB also discussed instant payments in euro, person-to-person (P2P) mobile payments and technical standards related to payment cards.

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