Single Euro Payments Area RSS

Daily News, E-Money, EPC, European Payments Council, Instant Credit Transfer, Instant Payments, Issuing & Acquiring, Mobile Remittance, Processing & Systems, Remittance, SCT Inst scheme, SCT Inst transactions, SEPA, Single Euro Payments Area -

The Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme created by the European Payments Council (EPC) is operational. As of today, nearly 600 payment service providers (PSPs) from eight European countries are offering instant payment solutions based on SCT Inst. This is only the beginning of the European journey towards instant payments. [...]

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Daily News, E-Money, EC, ECB, European Commission, Issuing & Acquiring, Processing & Systems, Regulation, Remittance, SEPA, SEPA TIPS, Single Euro Payments Area, Target Instant Payments Settlement -

Ten years ago the European Commission (EC) and the European Central Bank (ECB) announced a common vision for the Single Euro Payments Area (SEPA), which they described as an “integrated market for payment services which is subject to effective competition…” and described their role as “creating open and common standards that overcome technical and commercial [...]

The post SEPA: Is the ECB stifling competition with its latest move? appeared first on Payments Cards & Mobile.

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Cards Standardisation Volume, Daily News, European Payments Council, Issuing & Acquiring, Processing & Systems, Regulation, SEPA, SEPA Cards Standardisation Volume, Single Euro Payments Area -

The European Payments Council (EPC), representing payment service providers, and the Cards Stakeholders Group (CSG), a multi-stakeholder body gathering retailers, vendors, processors, card schemes and the EPC, today published version 7.1 of the SEPA Cards Standardisation Volume (the Volume). The Volume is a key document for the card industry, aimed at achieving cards standardisation, interoperability, [...]

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credit transfer, credit transfer scheme, Daily News, European Payments Council, instant credit transfer scheme, Issuing & Acquiring, pan-European instant credit transfer scheme, Processing & Systems, Regulation, Single Euro Payments Area -

The European Payments Council (EPC) released its proposal for the design of a pan-European instant credit transfer scheme, dubbed SCT Inst scheme. This proposal is part of the Euro Retail Payments Board’s (ERPB) agenda on instant payments. Instant payments are available any day and at any time, and processed end-to-end within seconds. The EPC proposal [...]

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