European Payments Council (EPC)

The European Payments Council (EPC) is a collaborative organization that sets standards and rules for electronic payments within the European Union. Its goal is to ensure smooth, secure, and efficient cross-border payments, primarily focusing on initiatives like the Single Euro Payments Area (SEPA). EPC coordinates banks and payment service providers to develop common procedures and technical standards, making it easier and more reliable for individuals and businesses to transfer money electronically across European countries. Essentially, EPC helps create a unified payments environment, simplifying transactions while maintaining security and efficiency.