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European Payments Council

European Payments Council

The European Payments Council (EPC) is the decision making and coordination body of the European banking industry in relation to payments. The EPC defines

• common positions for core payment services within the European market place
• provides strategic guidance for standardisation
• formulates best practices and
• supports and monitors implementation of decisions taken.

Its core remit is that of supporting and promoting the creation of a harmonised, open and interoperable European payments market through self-regulation.

EPC and SEPA

The EPC was established in June 2002 to support and promote the creation of a Single Euro Payments Area (SEPA).

Website: www.europeanpaymentscouncil.eu