On 10 September 2019, the Scheme Management Board (SMB) – the body responsible for the administration and evolution of the Single Euro Payments Area (Sepa) payment schemes, decided to amend the maximum amount per Instant Credit Transfer ( Inst) transaction to 100,000 euros, effective as of 1 July 2020.
In consideration of the expected withdrawal of the United Kingdom (UK) from the European Union the UK payment service providers, represented through ‘UK Finance’, filed an application in December 2018 with the European Payments Council (EPC ) to be able to maintain the participation of the UK in the ’s schemes in the event of a no-deal withdrawal from the European Union (“no deal Brexit”).
The Principality of Andorra and the Vatican City State/The Holy See are since today part of the geographical scope of the Single Euro Payments Area (SEPA) payment schemes.
The European Payments Council is calling for experts to join a new Request To Pay Multi-Stakeholder Group.
This week the European Payments Council (EPC) announces the launch of the public consultation on the 2018 change requests for the Single Euro Payments Area (SEPA) Credit Transfer and SEPA Direct Debit rulebooks.
BPCE, a major French cooperative banking group (which includes the Banque Populaire and Caisse d’Epargne networks), is the very first payment service provider in France to adhere to the Instant Credit Transfer (Inst) scheme.
Nearly 600 payment service providers (PSPs) from eight countries are onboard for today's launch of the Sepa Instant Credit Transfer (SCT Inst) scheme, bringing real-time money transfers to much of Europe.
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced support for the European Payments Council (EPC) SEPA Instant rulebook standard ISO 20022 within its Universal Payments (UP) solutions portfolio, including UP Immediate Payments and UP Real-Time Payments.
A new voluntary pan-European instant credit transfer scheme that will bring real-time money transfers across the Single Euro Payments Area (Sepa) is on course to go live in November, with five countries onboard from the off.
The European Payments Council is to issue a Request for Information (RFI) to identify parties interested in becoming a provider of a Standardised Proxy Lookup (SPL) service for pan-European interoperability of person-to-person mobile payments.
© Finextra Research 2019