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

First EU Cyber Security Exercise ‘Cyber Europe 2010’ with 320 ‘incidents’ successfully concluded

The first ever, pan-European cyber security exercise “Cyber Europe 2010” ended successfully yesterday. More than 150 experts from 70 public bodies around Europe participated in the exercise. They were exposed to more than 320 incidents, or ‘injects’. The exercise was a first, key step for strengthening Europe’s cyber defense. The key challenge now is for… Read More

European Specialists Team Up to Define Security Standards for Next-Generation Mobile Devices

Five partners from industry and academia have joined forces in a European research project, SEPIA (Secure Embedded Platform with advanced Process Isolation and Anonymity capabilities), to define security standards for next-generation mobile devices including high-end cell phones and tablet devices. As financial services, such as banking and payment, become increasingly accessed from mobile devices, it… Read More