meta_id 3202160

On June 26, 2024, the European Payments Council (EPC) published a clarification paper for the SEPA Request-to-Pay (SRTP) Rulebook version 4.0 to provide guidance on implementing the scheme. The clarification paper addresses gaps and ambiguities in the current rulebook to ensure consistent implementation across the SRTP scheme. The clarification paper primarily focuses on registration requirements within the EPC Directory Service (EDS), which is mandatory for all SRTP scheme participants. It outlines the updated adherence process and details the procedures for using the EDS. By providing these additional clarifications, the EPC aims to prevent fragmented approaches to SRTP scheme implementation across participating institutions and payment service providers. The paper serves as supplementary guidance to the existing rulebook, helping stakeholders understand their obligations and the technical requirements for participation in the SRTP scheme. The SRTP scheme enables payers to authorise payments through a request-to-pay mechanism, streamlining the payment initiation process across the Single Euro Payments Area (SEPA). The clarification paper is available for download on the EPC website and applies to all entities seeking to participate in or currently participating in the SRTP scheme. This guidance supports the broader standardisation of European payment processes and ensures that payment service providers implement the scheme consistently across member states. REFERENCES: European Payments Council. (June 26, 2024). EPC publishes SRTP Rulebook v4.0 clarification paper to guide SEPA Request-to-Pay implementation. Retrieved from https://www.europeanpaymentscouncil.eu/