Today the European Payments Council (EPC) published the version 1.5 of the clarification paper on Single Euro Payments Area (SEPA) Credit Transfer (SCT) and Instant Credit Transfer (SCT Inst) rulebooks. The paper applies to the current applicable 2019 and rulebooks and provides guidance and, where feasible, recommendations to scheme participants on how to handle situations that are not described in the rulebooks.
The paper addresses operational aspects related to the SCT and SCT Inst rulebooks and seeks to ensure consistent implementation of the two EPC credit transfer rulebooks by payment service providers participating in the schemes.
The paper now contains an additional section about the SCT inquiry process. A new section 3.4 provides SCT scheme participants with a temporary workaround for Beneficiary Banks in case they want to send a positive response to a ‘Claim for Value Date Correction’ inquiry. Beneficiary Banks have pointed out they cannot claim their administrative fees for a value date correction prior to the correction itself of that value date.
A more permanent solution for this issue has been presented as an EPC change request for the 2020 EPC SEPA scheme rulebook change management cycle.
Clarification paper on SEPA Credit Transfer and SEPA Instant Credit Transfer rulebooks
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
