The European Payments Council (EPC) published updated clarification papers to support a more consistent implementation of the SEPA Credit Transfer, SEPA Instant Credit Transfer, SEPA Direct Debit Core and SEPA Direct Debit Business-to-Business rulebooks, alongside refreshed recommendations on customer reporting. Clarification Paper Version 3.1 applies to the 2023 and 2025 SEPA Credit Transfer and SEPA Instant Credit Transfer rulebooks, while Clarification Paper Version 4.1 applies to the 2023 and 2025 SEPA Direct Debit Core and SEPA Direct Debit Business-to-Business rulebooks. The clarification papers are intended to help payment service providers implement the EPC payment scheme rulebooks by providing practical guidance and, where possible, specific recommendations for situations not covered in the rulebooks, and will be updated periodically. Updated customer reporting recommendations cover SEPA Credit Transfers (including instant), One-Leg Out Instant Credit Transfer, and SEPA Direct Debits (core and business-to-business).
European Payments Council 2025-04-25
European Payments Council releases updated SEPA scheme clarification papers and customer reporting recommendations
The European Payments Council published updated clarification papers to enhance the implementation of SEPA Credit Transfer, SEPA Instant Credit Transfer, SEPA Direct Debit Core, and SEPA Direct Debit Business-to-Business rulebooks. Clarification Paper Version 3.1 and Version 4.1 apply to the 2023 and 2025 rulebooks, offering guidance and recommendations for payment service providers. Updated customer reporting recommendations address SEPA Credit Transfers, One-Leg Out Instant Credit Transfer, and SEPA Direct Debits.