Tag archive: EPC

Version 6.5 of SEPA Cards Standardisation Volume is ready for public consultation

The European Payments Council (EPC) and the Cards Stakeholders Group (CSG) published version 6.5 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume last week. The document defines a standard set of requirements to ensure an interoperable and scalable card and terminal infrastructure across SEPA. All market participants and interested parties are invited to […]

ECB: Many advantages of SEPA already exist

“It is a general misconception that the migration to SEPA will be completed on February 1, 2014,” says Wiebe Ruttenberg, Head of Market Integration Division at the European Central Bank (ECB). “On that date we will have ‘only’ completed the migration to SEPA Credit Transfer and SEPA Direct Debit within the Euro area. This means […]

The Ins and Outs of Rulebooks

The migration to SEPA is bringing about many changes. One of the most conspicuous of these changes is the standardisation of European payment products. As of 1 February 2014, all organisations and institutions in the payments chain will have to comply with these new standards. Payments in the SEPA countries will be harmonised, and cross-border […]

SEPA: how it all started

For a full understanding of the reasons why we are switching completely to IBAN bank account numbers in February 2014 – an important requirement for establishing a European payments area – some knowledge on the history of SEPA is required. The Single Euro Payments Area (SEPA) may be regarded as the next logical step after the […]

Interview with Javier Santamaría, part two: ‘Early movers confirm: SEPA pays off’

In a previous blog post, chairman Javier Santamaría of the European Payments Council (EPC) discussed the transition towards SEPA and the role EPC plays in this process. In this second part, Javier Santamaría will highlight the main advantages of SEPA to consumers and companies and the importance of communicating the SEPA objectives. What, in your […]

Interview with Javier Santamaría, part one: ‘SEPA is kicking in and it is working’

Javier Santamaría is the chairman of the European Payments Council (EPC), which supports and promotes the creation of the Single Euro Payments Area (SEPA). As requested by the EU authorities, the EPC developed, in close dialogue with the customer community, the SEPA Credit Transfer (SCT) and SEPA Direct Debit Schemes (SDD), which help to realize […]