The ad-hoc multi-stakeholder group (MSG) on Mobile Initiated Credit Transfers, including instant credit transfers (MSG MSCT) which is facilitated by the European Payments Council ( ), held its twelfth and thirteenth Plenary meetings on 19 May 2020 and 26 June 2020 respectively. 

The MSG MSCT finalised the document on “Technical interoperability of MSCTs based on payer-presented data” that was published for an eight-week public consultation on 24 May 2020.

The MSG MSCT is still analysing new MSCT use cases based on consumer-presented data for consumer-to-business payment contexts. It is also looking into the security aspects related to the usage of QR-codes and their data for the initiation of MSCTs. 

The group continues their development of a roadmap for MSCTs that would also aim to reflect related work undertaken in other industry groups. 

Furthermore, they are coordinating and providing inputs to the Euro Retail Payments Board working group ( WG) on a framework for instant payments at the Point-of-Interaction (POI) (see in ‘related links’). More in particular they contribute, through participation in a joint task force with the WG, to the development of security requirements for payment service user on-boarding for Instant Payments (IPs) to be used by IP service providers and merchants. 

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