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NEWSLETTER     ISSUE 32 - December 2016
The Chair's foreword
The EPC newsletter updates readers on the latest payment developments throughout the industry
by Javier Santamaría

The winter solstice invites reflection on the achievements of the past year, and to concur with François de la Rochefoucauld (and to avoid always quoting Heraclitus): "The only thing constant in life is change". As the end of 2016 approaches, I cannot help but ponder 2016’s greatest hits, of which the SEPA Instant Credit Transfer (SCT Inst) scheme indisputably stands out. I also find myself examining what is in store for the payments industry in 2017.

The SCT Inst scheme, recently published by the EPC, just one year after the recommendation of the Euro Retail Payments Board (ERPB) to create a pan-European instant credit transfer scheme, will remain a key theme for 2017. In this issue, Payment Service Providers will learn how they can jump on board the instant payments train, and get ready to process the first SCT Inst transactions in November 2017. 

It is, however, the revised Payment Services Directive (PSD2), and in particular access to payment accounts, that is sitting in pole position to become 2017’s best-selling thriller. 

Our article on the subject discusses the key aspects of our position on the European Banking Authority’s draft Regulatory Technical Standards on strong authentication and secure communication. 

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Get ready for the first SCT Inst transactions!
EPC News
by Anthony Richter, Chair of the EPC Ad Hoc Task Force on Instant Payments, and Jean-Yves Jacquelin, Chair of the EPC SCT Instant Scheme Rulebook Development Task Force

What’s next for euro instant credit transfers in Europe now that the SEPA Instant Credit Transfer scheme has been published? PSPs are invited to board the instant payments train, at least as receivers, to increase the scheme’s reach and momentum, and satisfy growing customer expectations for fast and digital solutions.

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Poland, an Eastern European country at the cutting-edge of payment technologies
Country profile

We interviewed Pawel Widawski, from the Polish Bank Association, and discovered that although cash is still widely used in Poland, the hottest payment technologies – instant credit transfers, contactless, P2P mobile – have been developed and are becoming increasingly popular. Our supporting infographic provides the key facts and figures about the payment habits of Polish people.

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EPC News
The EPC publishes updated SCT and SDD rulebooks


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On the cards
The European card industry´s recently created association for standardisation is fully up and running
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A perspective on the collaboration between FinTech start-ups and banks: An interview with Lázaro Campos, co-founder of FinTechStage
Innovation

The cooperation between FinTech start-ups and banks is a topic that doesn’t go unnoticed in the payment industry. In this interview, Lázaro Campos, who knows both the FinTech and traditional payment industries, sheds some light about the benefits and challenges such partnerships can bring to both parties, and how he sees the future of innovation in payments. 

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Canada draws line in sand on ISO 20022 adoption with payment system modernisation plans
Innovation
by Jan Pilbauer, Executive Director, Modernisation and Chief Information Officer, Payments Canada    OPINION

Learn how Canada is working on the implementation of ISO 20022, the payment messaging standard, and how it fits into the modernisation of its payment system, in particular in the overhaul of the country’s clearing and settlement system, and the construction of a real-time payment infrastructure.

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Policy, regulatory, and legal issues
What´s next for retail payments in Europe? A brief summary of the outcome of the latest ERPB meeting

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On the cards
Card Fraud Prevention Forum is set up to tackle rise in European card fraud


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An insight into the EPC´s response to the public consultation on the EBA´s draft Regulatory Technical Standards under PSD2
Policy, regulatory, and legal issues
by Ruth Wandhöfer, Chair of the EPC Payments Security Support Group and Marijke De Soete, Senior Consultant to the EPC

The EPC shares the main positions it supported in its response to the European Banking Authority’s Consultation Paper on the Draft Regulatory Technical Standards (RTS) on strong customer authentication and common and secure communication under the revised Payment Services Directive (PSD2).

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Payment solutions in innovative Estonia
Innovation
by Jüri Laur, Head of Payment Services in LHV Bank    OPINION

With a relatively new banking infrastructure, Estonia’s payment landscape is characterised by the prevalence of non-cash payment methods, such as cards, online banking, and Person-to-Person payments. Find out more about the innovative payment habits in Estonia, and about the case study of the Estonian bank LHV, which cooperates with FinTech start-ups in various projects, including one involving the Distributed Ledger Technology.

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Around the web
A compilation of some interesting recent reports about payments
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