The European Payments Council and the Cards Stakeholders Group have published version 7.1 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume (SCS volume). The SCS volume contains a standard set of requirements to ensure an interoperable and scalable card and terminal infrastructure across SEPA, based on open international card standards. Although the SCS volume is an essential component of self-regulation in the cards industry, conformance with it is not mandatory. The European Payments Council notes that all interested parties active in the card industry are expected to get ready for market implementation of version 7.1 of the SCS volume by December 2018.
View SEPA Cards Standardisation Volume Version 7.1, 8 December 2015