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European Central Bank (ECB) and European Payments Council (EPC)

The European Payments Council (EPC), which represents the European banking industry, the European Central Bank (ECB) and the Commission share a common vision for the creation of SEPA. All three institutions are working together to make SEPA happen on time.

European Central Bank

For further information see:

European Payments Council

The European Payments Council (EPC) supports and promotes the creation of SEPA through industry self-regulation. It defines common positions for core payment services within a competitive market place, provides strategic guidance for standardisation, formulates best practices and supports and monitors implementation of decisions taken.

For SEPA, the EPC has designed new product schemes for credit transfers and direct debits, and a framework for payment cards.

EPC members are from banks and banking associations in all EU Member States and represent all sizes and sectors of credit institutions within the European market.