Trade, logistics and payments
EPC
Abbreviation for European Payments Council
In short and in plain language
The EPC is a group for payments in Europe.
Banks and other payment firms belong to it.
It writes the rules for transfers and direct debits in Europe.
Definition
The EPC is an international not-for-profit organisation that represents payment service providers in Europe. It manages the SEPA payment schemes, the rulebooks for credit transfers and direct debits in the SEPA area, including the SDD Core and SDD B2B direct debit schemes.