SEARCH ABOUT EPC ABOUT SEPA SEPA CREDIT TRANSFER SEPA INSTANT PAYMENTS SEPA DIRECT DEBIT SEPA CARDS SEPA MOBILE SEPA CASH SCT Inst Consultation What are Instant Payments? EPC Work on Instant Payments SEPA Instant Payments SCT Inst Consultation Tweet The European Payments Council (EPC) organises from 12 April to 10 July 2016 a public consultation on its Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme. The draft SCT Inst rulebook outlines the proposed detailed business and technical rules of the future SCT Inst scheme, scheduled to be published in November 2016, and to take effect one year later. Main characteristics of the proposed SCT Inst scheme How to participate in the public consultation? All stakeholders are encouraged to participate in the public consultation and to share their feedback on the proposed SCT Inst rulebook by sending the completed response template (see ‘EPC technical documents’ below) by email to change-request.EPC-scheme@epc-cep.eu, by 10 July 2016 at the latest. The EPC will then review all comments and will make all suitable changes to further enhance the SCT Inst rulebook. This consultation is similar to those the EPC regularly organises for its other schemes. The EPC indeed develops SEPA payment schemes following a rulebook release management process whereby all stakeholders are given the opportunity to participate; i.e. to introduce change requests to the existing schemes. What are the next steps? Following the public consultation, the publication of the formal first version of the SCT Inst rulebook is foreseen for November 2016. The SCT Inst scheme itself would enter into force in November 2017, to leave enough time for interested payment service providers, their customers and other payment market players to implement the SCT Inst scheme in their organisations. Selection of articles from the EPC Newsletter and other sources Press release - The EPC launches public consultation for first pan-European scheme providing customers with instant payments Questions & Answers on the SEPA Instant Credit Transfer Scheme EPC technical documents Draft SEPA Instant Credit Transfer Rulebook for Public Consultation and Response Template Free EPC newsletter Subscribe Blog and Discussion Board Read more Follow us Twitter LinkedIn Latest Tweet If you missed it: itw w/ @ebaclearing CEO Hays Littlejohn about his perspective on SCT Inst scheme #InstantPayments https://t.co/FBsigpKgbo 30/09/2016 European Payments Council © copyright 2016 - Disclaimer