The ad-hoc multi-stakeholder group on Mobile Initiated (instant) SEPA Credit Transfers (MSG MSCT), which is facilitated by the European Payments Council (EPC), held its 20th Plenary meeting on 22 March 2021.
The MSG MSCT is currently developing in their work-stream on technical interoperability a new document on MSCT interoperability for unsuccessful and R-transactions as well as a document on the Minimum data elements in the MSCT interoperability messages.
The various work-streams also started the maintenance process of the MSCT IG (EPC269-19) and prepare the second release of this document which would also integrate the documents EPC312-19 and EPC096-20 published last year as well as EPC031-21, following the public consultation on this document, launched in March 2021.
Furthermore, the MSG MSCT established a joint Task Force with the European Cards Stakeholders Group (ECSG) to develop requirements for Consumer selection of preferred payment instrument at the point of interaction (POI), as requested by Recommendation B in the Euro Retail Payments Board (ERPB) November 2020 Statement. This TF had their kick-off meeting on 25 March 2021.