Tax, law and standards
EPC
Abbreviation for European Payments Council
In short and in plain language
The EPC is a group of banks and firms for payments in Europe.
It writes the rules for transfers and direct debits in Europe.
This also includes checking the name before a transfer.
Definition
The EPC is a body of the European payments industry. It develops the rulebooks for the SEPA payment schemes, for example for credit transfers, direct debits and the verification of the payee name.