Cash & Liquidity ManagementPaymentsEuropean Payments Council Updates SEPA Rulebooks

European Payments Council Updates SEPA Rulebooks

The European Payments Council (EPC) has published updated versions of the single euro payments area (SEPA) credit transfer (SCT) and SEPA direct Debit (SDD) rulebooks, which will take effect from November 22 2015.

The publications are the SCT Rulebook version 8.0, SDD Core Rulebook version 8.0 and SDD Business to Business (B2B) Rulebook version 6.0 and associated implementation guidelines. In line with industry best practice, payment service providers (PSPs) and their suppliers have a one-year lead time to address rulebook updates prior to them taking effect.

Since the launch of the SCT Scheme in 2008 and the SDD Schemes in 2009, the EPC has generally published updated versions of the rulebooks and associated implementation guidelines each November to take effect in November of the next year. The SCT and SDD schemes evolve based on a transparent change management process adhered to by the EPC. This evolution reflects changes in market needs and updates of technical standards.

“The EPC is committed to ensuring that the SCT and SDD Schemes continue to evolve in response to market needs,” said EPC chair Javier Santamaría. “The EPC, therefore, greatly appreciates the contributions from all stakeholders participating in the scheme change management process. The modifications incorporated into the next generations SCT and SDD Rulebooks reflect the feedback received during the 2014 public consultation.”

Related Articles

How digital networks can cut through 'corporate cholesterol'

Payments How digital networks can cut through 'corporate cholesterol'

4d Julie Gerdeman
Worldpay and Mastercard to team up for payments platform

Payments Worldpay and Mastercard to team up for payments platform

5d GTNews
GIMAC and Terrapay announce real-time payments for Central Africa

Electronic/Mobile GIMAC and Terrapay announce real-time payments for Central Africa

1w GTNews
Why staff credit cards can bolster expense fraud defences

Payment Cards Why staff credit cards can bolster expense fraud defences

2w Guest Writer
Gresham acquires payments specialist B2 Group

Payments Gresham acquires payments specialist B2 Group

3w GTNews
Case study: BNP Paribas’ experience of MyStandards Readiness Portal - streamlining implementation projects worldwide

SWIFT Case study: BNP Paribas’ experience of MyStandards Readiness Portal - streamlining implementation projects worldwide

2m SWIFT
Commercial cards on the rise: BOAML

Payments Commercial cards on the rise: BOAML

2m Victoria Beckett
US County tax collector to accept bitcoin payments

Payments US County tax collector to accept bitcoin payments

2m Laura Noble