SEPA credit transfer
SEPA may refer to:
*The Single Euro Payments Area, a payment-integration initiative of the European Union
*The Scottish Environment Protection Agency, Scotland’s environmental regulator and flood authority
*State Environmental Protection Admin ...
(SCT). It contains all the necessary information in clear text. These QR code guidelines are used on many invoices and payment requests in the countries that support it (Austria, Belgium, Finland, Germany, The Netherlands) enabling tens of millions to pay without requiring manual input leading to lower error rates.
The EPC guidelines are available from the EPC itself. Another version has also been published by the Federation of Finnish Finance Services (FFI).
Sample content
So the QR string could beBCD 001 1 SCT BPOTBEB1 Red Cross of Belgium BE72000000001616 EUR1 CHAR Urgency fund Sample EPC QR code
History
In the course of 2012, Austrian payment facilitator STUZZA (now part of PSA Payment Services Austria) defined the content of a QR code that could be used to initiate money transfers within the Single Euro Payments Area. In February 2013, the European Payments Council (EPC) published the document 'Quick Response Code: Guidelines to Enable Data Capture for the Initiation of a Credit Transfer'. These guidelines were quickly adopted by the Austrian banks. These QR code can be recognized thanks to the words "Zahlen mit Code" on the right. These guidelines were later on used in Finland (2015), Germany (2015/ref>), the Netherlands (2016Scan2Pay (General information of the EPC QR code usage in the EU)
/ref>) and Belgium (2016).
Generators
Various generators are available online to generate the QR code following the EPC guidelines:Digiteal with "www.scan2pay.info" on the right border
TEC-IT Generic QR code generator also supporting the EPC guidelines
Pure EPC QR-code generator with all versions, API and without trackers
GiroCode WordPress plugin
and (currently dysfunctional
EPC QR code WordPress plugin
See also
* Short Payment Descriptor *International Bank Account Number
The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcriptio ...
(IBAN)
References
{{Reflist Portal:Business and economics Mobile payments