Sepa Card Clearing (SCC) Framework Version 1.0 published

Major players in the European card payments industry have joined together in the "Berlin Group" standardisation initiative to deliver the first common standard for the ISO 20022 payment message based clearing of card based transactions resulting in the "SEPA Card Clearing Framework" (SCC Framework). The SCC Framework is a big step to making the Single Euro Payments Area (SEPA) a reality for the clearing and settlement of card transactions. This standard complements the existing SEPA payment instruments Credit Transfer and Direct Debit, already developed by the European banking industry. The SEPA clearing infrastructure built up for these payment instruments do not cover yet clearing and sett

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