The multi-stakeholder group on Mobile Initiated (instant) SEPA Credit Transfers (MSG MSCT), which is facilitated by the European Payments Council (EPC), held Plenary meetings on 6 October, 3 November and 6 December 2022.
The MSG MSCT slightly updated the document on the Specification of QR-codes for mobile (instant) credit transfers, in view of a comment received through the ISO (International Organization for Standardization) process, following the submission of the document to ISO Technical Committee (TC) 68 Subcommittee (SC) 9 – Financial Services - Information exchange for financial services - for publication as an International Standard through a fast track procedure.

The MSG MSCT also updated the document on the Standardisation of QR-codes for mobile initiated (instant) SEPA credit transfers (EPC024-22), published in June 2022, accordingly and made further changes to this document in view of a new answer received through the EBA Q&A tool on EBA Q&A 2021_6298.

Furthermore, the MSG MSCT finalised the development of a new document on the Interoperability of MSCTs based on Near Field Communication (NFC) or Bluetooth Low Energy (BLE) (EPC287-22). This document is dedicated to the usage of NFC or BLE for the exchange of the necessary information between the payer and the payee to enable the initiation of an MSCT. It describes use cases based on one of these proximity technologies, includes an analysis on the usage of these technologies for payments, their security issues and the challenges to be addressed for market use. It further focuses on the usage of the NFC technology by specifying the minimum data elements to be exchanged through NFC between the payer and the payee and by identifying a number of opportunities towards standardisation, subject to sufficient market interest to pursue the NFC technology for account-based mobile payments.

In order to help developing a successful MSCT ecosystem that provides value for all, it is very important to gather industry opinion and market feedback. Therefore a ten week public consultation was launched on the document before a final version of the document will be prepared for publication on this website, see "related news". 

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