10.03.2010 ISO payments: Recommendations for exchanging data from the Swiss financial sector
The recommendations include the “Swiss Implementation Guidelines for Credit Transfer” and the “Swiss Business Rules”, which also serve as a foundation for the technical implementation of formats in the SEPA schemes. In addition to the SEPA payment instruments, the recommendations also cover all the other currently applicable payment modes. Furthermore, an updated version of the XML scheme for SEPA direct debit was published for pain.008 and pain.002 messages, in order to adapt several technical aspects to the new credit transfer XML scheme... more
10.03.2010 SEPA direct debits tested in practice
A study has shown that two-thirds of SEPA direct debits can be successfully processed. In the course of the study a total of 183 direct debits were submitted to 76 different banks... more
10.03.2010 Online directory of participating banks
The latest lists of all financial institutions participating in SEPA show more than 4,400 Credit Transfer (thereof 146 Swiss and 4 from Liechtenstein), more than 2,600 Core Direct Debit (thereof 6 Swiss) and more than 2,400 B2B Direct Debit Scheme participants (thereof 1 Swiss)... more
10.03.2010 SEPA direct debits are safe
In a press release of March 4, the European Payments Council (EPC) confirmed that SEPA direct debits can seamlessly guarantee the protection of users, after the umbrella organization of the European consumer organizations (BEUC) expressed doubts in this regard... more
10.03.2010 Mobile payments for approval
The framework for the mobile payment system was submitted by the EPC for approval at the end of January, in cooperation with GSMA, the worldwide mobile communications industry association... more
07.01.2010 End of year records
The Swiss SEPA payment channel via euroSIC/SECB/STEP2 hit record high 118,000 transactions totaling around 1,500 million euro in value in December 2009... more
07.01.2010 Liechtenstein's adhesion to the EPC
The EPC Plenary decided at its last meeting mid-December to take up Liechtenstein Bankers Association's membership from 1 January 2010. The decision-making body of the European Payments Council (EPC) consists now of 75 members comprising banks and banking associations representing all banks in 32 SEPA countries.
07.01.2010 ECOFIN calls for a SEPA governance by mid-2010
At its December meeting the ECOFIN Council, composed of the Economics and Finance Ministers of the EU member states, adopted various conclusions on SEPA. Among others it stressed the need for further improving the governance of the SEPA project and encouraged the EU Commission and the European Central Bank, in close cooperation with all actors concerned by the SEPA project, to establish, before mid-2010, a SEPA governance and monitoring structure... more
07.01.2010 New SEPA cards rulebook version
Version 2.1 of the SEPA Cards Framework was published by the EPC on December 21... more
