This public consultation is designed to ensure that the SEPA schemes reflect the evolution of Payment Service Providers’ (PSPs) needs and those of their customers, as well as technological changes.

All payment stakeholders, PSPs, end users and technical players, can participate in the public consultation, which will last for three months.

A previous call for suggestions to amend the rulebooks, which are the technical and business rules governing the schemes to be followed by its participants, closed at the end of 2015. The EPC has registered nearly 40 change requests from various banking and stakeholder communities, including from the EPC itself. All have been included in the public consultations.

For instance, one important change request, recommended by the Euro Retail Payments Board, is to make EPC Customer-to-Bank (C2B) Implementation Guidelines mandatory. This would mean any SCT originator or SDD creditor wishing to use these EPC C2B file specifications for their initiation message files would have the certainty that every scheme participant is technically capable of processing their SCT and SDD transactions.

A number of proposals from payment service users relate to the extension of structured and unstructured remittance information, and to the combination of these two types of information in SEPA payment messages. The EPC itself suggested making additional information available outside of the SCT/SDD message in the “cloud”.
Stakeholders wishing to learn more about these change requests and to participate in the public consultation by filling in the response template by 4 July 2016 will find all necessary information on the EPC website.
Suggestions that find broad acceptance in the overall payment community, and that are technically and legally feasible, will be taken forward. The EPC will, in November 2016, publish the updated rulebooks and implementation guidelines which will enter into force one year later. This will ensure scheme participants have enough time to implement the necessary changes in their systems.
These public consultations are part of the change management process of the schemes, organised by the EPC on a regular basis.

About the European Payments Council:
The European Payments Council (EPC), representing payment service providers, supports and promotes European payments integration and development, notably the Single Euro Payments Area (SEPA). The EPC is committed to contribute to safe, reliable, efficient, convenient, economically balanced and sustainable payments, which meet the needs of payment service users and support the goals of competitiveness and innovation in an integrated European economy. It pursues this purpose through the development and management of pan-European payment schemes and the formulation of positions and proposals on European payment issues in constant dialogue with other stakeholders and regulators at the European level and taking a strategic and holistic perspective. The primary task of the EPC is to manage the SEPA Credit Transfer and SEPA Direct Debit Schemes in close dialogue with all stakeholders. The EPC is an international not-for-profit association which makes all of its deliverables available to download free of charge on the EPC Website.
www.epc-cep.eu

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