European Payments Council - News, Articles & Research

Company announcement/payments

Tink joins SEPA Payment Account Access (SPAA) scheme

Market-leading payment services and data enrichment platform, Tink, has entered the official register to become one of the first participants of the European Payments Council’s newly launched SEPA Payment Account Access (SPAA) scheme.

22 February 2024

Company announcement/payments

EPC One-Leg Out Instant Credit Transfer (OCT Inst) payment scheme goes live

As of today 08h00 CET, the new payment scheme of the European Payments Council (EPC) designed for international instant credit transfers is ready for use.

28 November 2023

Company announcement/payments

EPC publishes business conditions for SPAA's default remuneration model

The European Payments Council (EPC) has published the business conditions for the SEPA Payment Account Access (SPAA) scheme, marking a significant step forward in the development of open banking in Europe.

24 November 2023

News/payments

Sepa payment schemes ISO 20022 migration delayed

The European Payments Council has postponed the migration of Sepa payment schemes to the 2019 version of ISO 20022 by four months, to March, after concluding that "at least two large Sepa countries" couldn't be guaranteed to make the original November deadline.

25 October 2023

News/people

European Payments Council names Giorgio Andreoli Director General

Etienne Goosse will step down as Director General of the EPC from April 2023 after 12 years in the role.

31 March 2023

Company announcement/payments

EPC and equensWorldline extend contract for the Sepa Proxy Lookup Service

equensWorldline SE, a subsidiary of Worldline [Euronext: WLN] and European leader in the payments and transactional services industry, and the European Payment Council (EPC) which manages the SEPA Proxy Lookup (SPL) scheme are extending their partnership to provide the central SPL service that supports the interoperability between existing European mobile Person-to-Person (P2P) payment services.

24 June 2021

News/payments

EBAday 2021: Request-to-Pay most useful in Customer-to-Merchant payments

Having been touted as the ‘missing piece of the instant payment puzzle,’ many are keenly interested in the potential Request-to-Pay holds for streamlining payments, improving customer experience, and optimising liquidity through better cash management and visibility.

25 May 2021

News/security

European Payments Council issues RfP for real-time malware platform

The European Payments Council has issued a Request for Proposal to find an outsourced service provider for a new Sepa-wide Malware Information Sharing Platform to address real-time payments fraud risks.

30 April 2021

Company announcement/payments

SCT Inst transaction limit increased to 100,000 euros

As of today, the maximum amount per Sepa Instant Credit Transfer (SCT Inst transaction went up from 15,000 to 100,000 euros.

01 July 2020

Company announcement/payments

SCT Inst transaction limit to be raised to EUR100,000

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.

12 September 2019

Company announcement

UK PSPS get nod for post-Brexit Sepa scheme membership

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”).

07 March 2019

Company announcement/payments

Vatican gives blessing to Sepa

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.

01 March 2019