Complying with all relevant industry standards
As a leading payment services provider, we comply with all applicable rules and regulations in the industry, e.g. from the card schemes (e.g. MasterCard, Visa) and from the European Payments Council (EPC) that publishes the SEPA Rulebooks for payments. The smooth processing of transactions depends on correctly and timely updating the systems accordingly. We ensure this at all times, thus complying with these industry requirements.
SEPA Single Euro Payments Area
SEPA Instant Payments Real-time payment transactions
Card schemes Scheme such as MasterCard, Visa, BancontactMrCash
SEPA Credit Transfer and SEPA Direct Debit are described in the SEPA Rulebooks developed and published by the European Payment Council (EPC). These EPC Rulebooks need to be implemented accordingly.
The EPC developed a SEPA Instant Payments Rulebook, that is the basis for all European Instant Payment schemes.
Card schemes distribute bulletins and release notes which have to be checked on applicability and implemented accordingly.