Members of the SEPA 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. These documents are included for information in the compliance guide and are available in the compliance packages below for each scheme: SEPA Direct Debit Business-to-Business Scheme Pack This guide contains 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. As noted in the compliance guide, it may be necessary to provide additional documents and information, for example. B on the applicant`s accessibility. Learn more about the guidelines for compliance with SEPA Credit Transfer System – Programme Package – Extended Transfer Information 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. 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. . Payment and electronic money institutions must meet the following EPC requirements in order to participate in one of the systems: the routing table consists of lists of direct and indirect participants sent to all STEP2 Direct participants so that they can implement automated information processing in their back-office applications. After a formal review of the documents submitted, SIX Interbank Clearing forwards the necessary documents to the CBE. The CBE will confirm its receipt and will provide written word to each financial institution whether the application is accepted or rejected. For each scheme to which the applicant wishes to comply, three documents must be completed and signed. The rules for managing the single euro payment system, which explain the principles of management and development of the system: payment and electronic money institutions must carefully address these and other issues when trying to choose the best SEPA solution to meet their needs. . Here at AuthoriPay, we have an in-depth knowledge of the SEPA payments landscape and the steps we need to take to reach one of the systems, as well as the practical impact on our customers. We are happy to work with you and advise you on the optimal approach for your business. Delivery Notice – EPC Technical Validation Subsets v 3.x The rules governing the scheme that sets out the rules, obligations and technical standards for the execution of a payment in the single euro payment area. The technical implementation of the regulations in ISO 20022 payment messages is described in the Customer-to-Bank scheme and interbank implementation guidelines.
The related rules and transposition guidelines are available on the following links: The transposition of the Payment Services Directive (PSD) into national law only allows for the processing time for national and cross-border payments in Europe since January 2012. In the case of a paper transfer method submitted to the payment service provider, the turnaround time is increased to a maximum of two days of bank transaction.