EPC has launched a consultation on a draft of its SEPA Instant Credit Transfer Rulebook. The proposed scheme is reported to be the first in the world to be interoperable in a region as large as the SEPA and is a response to European customer needs for faster payments. The Rulebook describes the business and technical rules that all payment service providers wishing to adhere to the optional scheme should follow. EPC intends to publish the finalised Rulebook in November. The consultation closes on 10 July. (Source: EPC consults on draft SEPA Instant Credit Transfer Rulebook)