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EPC launches SEPA Credit Transfer and Direct Debit rulebook consultation

The European Payments Council (EPC) has announced the launch of the public consultation on the 2018 change requests for the Single Euro Payments Area (SEPA) Credit Transfer and SEPA Direct Debit rulebooks.  These documents detail the change requests from stakeholder representatives, banking communities and EPC Working and Support Groups. Furthermore, they include the recommendations of […]

Bank, News, Scheme

UK NPSO appoints Matthew Hunt COO

The New Payment System Operator (NPSO), which is taking charge of all the UK’s retail payment systems including its Faster Payment Service that is undergoing a technology overhaul, has appointed Matthew Hunt its new Chief Operating Officer.

News, Scheme

SEPA Instant Credit Transfer (SCT Inst) payment scheme goes live

The single euro payments area (SEPA) instant credit transfer (SCT Inst) scheme, developed by the European Payments Council, is ‘live’ today with the EPC claiming almost 600 payment service providers (PSPs) across Europe are already offering euro instant payments on the framework.

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US TCH instant payments are operational

The first new payment and clearing infrastructure in the US in more than 40 years is operational. The Clearing House (TCH) launched its real-time payments (RTP) system late yesterday evening when $3.50 was moved between two different banks in three seconds.