Sepa members for the SEPA compliance system must also complete a set of documents for the EPC, including a compliance agreement and legal advice. For each linked diagram, a set of documents must be completed. This manual explains the eligibility criteria and instructions for completing the compliance package. It also lists the information and documents that payment service providers (payment service providers) must provide to justify their compliance. Participation in the payment systems of the single euro payment area does not require the participation of the European Payment Council. The first step in complying with the payment systems of the single euro payment area is to download the guide to compliance with the systems of the single euro payment area. These documents are included in the compliance guide and are available in the loyalty packages for each system below: SEPA transfers have been available since 28 January 2008 for the processing of national and cross-border European payments. In order to implement this procedure, a payment service provider must first sign the corresponding payment services compliance agreement (EPC) and reorient its SEPA payment processing systems. The EPC contains an updated list of the more than 4,500 payment service providers participating in the SEPA.
Learn more about the SEPA Credit Transfer Scheme Sepa Adherence Pack – Extended Remittance Information Option As outlined in the compliance guide, other documents and information may need to be provided, for example. B on the applicant`s accessibility. To do this, the banking community came together to create the European Payment Council (CEP). The main objective of the EPC is to make SEPA a 76-member reality and, to do so, it has put in place a set of systems covering different payment instruments. Each scheme is covered by a set of rules defining the technical rules and trade standards that members must comply with in order to process euro payments in the EU/EEA. These rules and standards cover areas such as: Historically, the European payments landscape was a plethora of national payment systems, with rules, information standards and reference deadlines.