📣 EPC October Rep(l)ay: New VOP Rulebook, SPAA Webinar, OCT Inst and SCT Inst Growth & More!

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October 2024

Welcome to the October edition of the EPC monthly digest! This month, explore key updates including our latest SEPA Payment Account Access (SPAA) Scheme webinar, the growth of the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) and the SEPA Instant Credit Transfer (SCT Inst) expansion with San Marino, the new Verification of Payee (VOP) rulebook, and the latest version of the “Mobile Initiated SEPA (Instant) Credit Transfer Payments and Technical Interoperability Guidance”.

Discover more about these updates below!

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Insightful webinar on the SPAA Scheme!

We are excited to announce that our latest webinar, "Fostering Open Banking in Europe: Impact and Opportunities of the SPAA Scheme", is now available online!

Speakers:

• Ghela Boskovich (moderator), Head of Europe/Regional Director, Financial Data & Technology Association, Chair SPAA Communication WB
• Gijs Boudewijn, General Manager, Dutch Payments Association and co-chair of SPAA MSG
• Arturo González Mac Dowell, Vice Chairman of the European Third Party Providers Association (ETPPA) and co-chair of SPAA MSG
• Joe Morley, EU CEO and General Manager, TrueLayer
• Federico Aondio, Managing Director, Accenture Strategy
• Christian Schäfer, Head of Payments, DSGV - Deutscher Sparkassen
• Louise Beaumont, Senior Vice President, Global Open Banking & Open Finance, Industry & Policy Engagement, MasterCard

Watch full webinar

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October SCT Inst Update

We are thrilled to welcome our first SCT Inst scheme participants from San Marino. The scheme now includes a total of 2,510 PSPs across 32 European countries!

Check new data


	Highlight OCT Inst Update Less than a year after its official launch in November 2023, and just a few months following the practical implementation (after the migration to ISO 20022 version 2019, completed in March 2024), the OCT Inst scheme has already attracted 36 participants, with growing interest. This surge in interest comes after the European Central Bank (ECB) announced that it would support OCT Inst in 2025 and following EBA Clearing's earlier announcement this year regarding its support for the service by November 2024.



	News Release of Verification Of Payee Inter-PSP API Specifications We have released the Verification Of Payee (VOP) Inter-PSP API Specifications, outlining the rules for implementing VOP-related APIs. Read this article



	News Release of updated API Security Framework The updated API Security Framework is now available, setting minimum security standards for participants in the VOP, SRTP, and SPAA schemes. Read this article



	News Publication of the first Verification Of Payee scheme rulebook The EPC has officially launched its VOP scheme rulebook, providing essential guidance for payment service providers to comply with new regulatory requirements. Stay tuned for more information! Read this article



	News Third version of the “Mobile Initiated SEPA (Instant) Credit Transfer Payments and Technical Interoperability Guidance” Find out more about the recently published MSCT IG that is now available on our website. This updated version follows a public consultation held in Q3 2024 and focuses on technical interoperability. Read this article



	MEDIA CORNER Watch an exclusive interview for The Paypers with Giorgio Andreoli, Director General of the European Payments Council (EPC), as he delves into the SEPA Payment Account Access (SPAA) Scheme. Discover how this scheme is set to shape the future of payments and enhance Europe’s financial ecosystem. Watch here

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