The European Payments Council has drawn up a blueprint for the creation of an interoperable card and terminal infrastructure to handle card-not-present transactions across the Single Euro Payments Area (Sepa).
The European Payments Council (EPC), representing the European banking industry in relation to payments, today published a further iteration of the SEPA Direct Debit (SDD) Rulebooks, i.e. the SDD Core Rulebook version 9.0 and the SDD Business to Business (B2B) Rulebook version 7.0.
Brussels: The European Payments Council (EPC), representing the European banking industry in relation to payments, today published updated versions of the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks.
The European Payments Council (EPC) is calling for independent candidates to join a host of new bodies being set up to manage the Single euro payments area (Sepa) scheme.
The European Payments Council (EPC) has launched a three month public consultation on possible changes to the Sepa credit transfer and direct debit rule-books.
The European Payments Council reports on mobile wallets as an enabler for mobile payments.
The European Payments Council (EPC), representing the European banking industry in relation to payments, together with the Cards Stakeholders Group (CSG), today published version 7.0 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume (the SCS Volume), ready for market implementation.
The EPC, working together with all stakeholders active in the mobile payments ecosystem, is willing to contribute to the development of a reliable and secure ecosystem for the initiation and receipt of Single Euro Payments Area (SEPA) payments by mobile phone.
The EU is poised to revise the Single Euro Payments Area (Sepa) governance arrangements by replacing the informal Sepa Council with a European Retail Payments Board and by adjusting the role of the bank-backed European Payments Council.
The 'International Bank Account Number (IBAN) only' rule introduced on the basis of Article 5 (7) of the European Union (EU) 'Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro' adopted by the EU legislator in February 2012 prohibits payment service providers (PSPs) to require that payment service users (PSUs) provide the Business Identifier Code (BIC).
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