European Payments Council (EPC)
Business Profile
Core Value Proposition
European Payments Council provides governance and management of SEPA payment schemes to harmonise electronic euro payments across Europe.
Target Customer
Payment service providers (PSPs) and associations of PSPs, banks and financial institutions, payment industry stakeholders, and regulators involved in SEPA payments.
Key Differentiator
Independent not-for-profit organization that centrally manages the core SEPA payment schemes (SCT, SCT Inst, SDD Core, SDD B2B, and OCT Inst), offering rulebooks, implementation guidelines, and a structured ecosystem with thousands of PSP participants across 41 countries.
Implementation Timeline
No explicit implementation timeline provided; SCT Inst launched prior to 2017 (as part of the SEPA Instant Credit Transfer initiative); SEPA milestones and timeline are discussed on the site
Pain Points
- 1Fragmentation and lack of harmonisation in euro payments across SEPA
- 2Need for consistent rules and interoperability for cross-border euro transfers
- 3Ensuring rapid adoption and governance of instant and direct debit schemes across a wide network of PSPs
Key Features
- 1Management and governance of SEPA payment schemes (SCT, SCT Inst, SDD Core, SDD B2B, OCT Inst)
- 2Provision of rulebooks and implementation guidelines for schemes
- 3Register of Participants and framework for scheme participation
- 4Fraud prevention and payment security activities and related content
- 5Public information and stakeholder dialogue (news, insights, and collaboration with stakeholders)
Target Customer Industries
Client Results
- 1Facilitates harmonised SEPA payments with large-scale adoption across Europe (more than 50 billion transactions annually across EPC schemes)
- 2Supports cross-border euro transfers through SCT and instant payments via SCT Inst, and direct debits via SDD Core and SDD B2B
- 3Provides governance and ongoing updates to rulebooks and standards to reflect market needs
Competitive Advantages
- 1Not-for-profit governance focused on PSPs and SEPA harmonisation
- 2Comprehensive management of multiple SEPA schemes with extensive adoption (thousands of PSPs across 41 countries)
- 3Regularly updated rulebooks and implementation guidelines to reflect market evolution
- 4High transaction volumes across SCT, SCT Inst, and SDD schemes (used by millions of citizens and businesses) and cross-border interoperability via OCT Inst
Key Benefits
Additional Product Information
Product Description
An international not-for-profit association that represents payment service providers and manages SEPA payment schemes to harmonise euro payments across Europe.
Target Market
Payment service providers (PSPs) and associations of PSPs, banks, financial institutions, and payment stakeholders across SEPA
Unique Value Proposition
Independent, centralized governance and ongoing evolution of the core SEPA payment schemes, enabling seamless, cross-border euro payments across 41 countries with high transaction volumes
Technical Requirements
Participation requires adherence to EPC rulebooks and implementation guidelines; detailed technical requirements are provided via scheme documentation (rulebooks)
Pricing Model
Scheme participation fees exist; no specific pricing details provided in the content
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