EPC on the EC’s Proposal to establish end dates for Euro credit transfers and direct debits

On 16th December 2010 the European Commission published a proposal for a European Union Regulation establishing technical requirements for credit transfers and direct debits in euros.  The proposal currently states that credit transfers will have to comply with these requirements twelve months after the Regulation comes into force.  Direct debits will have to comply 24… Read More

European Payments Council marks further progress towards SEPA. Calls on EU lawmakers to set end dates for migration

The European Payments Council (EPC), the coordination and decision-making body of the European banking industry in relation to payments, today released updated and enhanced versions of the SEPA Credit Transfer (SCT) Scheme Rulebook and the SEPA Direct Debit (SDD) Scheme Rulebooks. 1 November 2010 marks another important target date on the route to SEPA as… Read More