The European Payments Council (EPC) has launched the Single Euro Payments Area (SEPA) Credit Transfer and Direct Debit rulebook consultations.

All stakeholders are invited to have their say in the evolution of the three existing SEPA scheme rulebooks (the SEPA Credit Transfer scheme, the SEPA Direct Debit Core scheme and the SDD Business-to-Business scheme) published by the EPC. The consultation will be open until 4 July 2016.

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.

What this means for you

Once the consultation is closed, the EPC will review the comments received. The finalised scheme rulebooks will be published in November 2016 and will be implemented one year later.