European Payments Council (EPC), the coordination and decision-making body of the European payments industry, has appointed Marco Musto as the new EPC secretary general, effective September 1, 2010. He will succeed Herman Segers who served as EPC secretary general since August 2008.

Mr Musto has more than 20 years of international experience in the payments industry. He is experienced in professional portfolio features assignments across different industry segments including the banking, processing and acquiring sectors.

Since 2005, he has been responsible for SEPA product development, management and deployment on behalf of various payment service providers.

Gerard Hartsink, chairman of EPC, said: “The EPC welcomes Marco Musto as the new EPC secretary general. We also wish to express our appreciation for the significant contributions of Herman Segers who will be retiring following completion of his term in office.”