Public Consultation

The EPSG, as an industry association for payment standardisation in the Single Euro Payments Area (SEPA), has released version 10.5 of the SEPA Payments Standardisation Volume (the Volume) for a three-month public consultation.

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The Volume is considered a key document for the payments industry, aiming to enhance digital payments standardisation, interoperability, and security in Europe.

 

The current Volume (10.0), published in October 2022, focused on card-based payments and is effective for a three-year period. As part of the ongoing Volume cycle, the next version (11.0), expected in December 2026, will expand its scope to include instant payments (Instant Credit Transfer Transactions, or ICT Transactions). This broader scope supports the association’s mandate to harmonise payments at the Point of Interaction (POI), going beyond card-based transactions.

A draft version incorporating these changes is now being released for public consultation, giving stakeholders the opportunity to review and provide feedback ahead of the next full Volume release.