What is European Payments Council?

The European Payments Council (“EPC”) coordinates European inter-banking technology and protocols, particularly in relation to payments.  In 2011 the EPC boasted that it processed 71.5 billion electronic payment transactions.

The EPC assumed all the former duties of the European Committee for Banking Standards (“ECBS”) in 2006.  It is now the major driver behind the Single Euro Payments Area (SEPA) initiative.

The official site of the EPC is http://www.europeanpaymentscouncil.eu/

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