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 21st Plenary meeting on 26 April 2021.
The MSG MSCT received during this meeting a presentation by ETSI Smart Secure Platform (SCP) on their recent development of various specifications for a Smart Secure Platform (SSP). This is intended to be an open platform accommodating multiple applications from different service providers, enabling modularity, high security and cost-efficiency. The development of such a platform was identified in the MSCT Interoperability Guidance (MSCT IG - EPC269-19v1.0) published in 2019, as an important milestone to address the challenge of complexity and security of mobile devices for MSCT service providers.
The MSG MSCT finalised a new document on MSCT interoperability for unsuccessful and R-transactions. This document distinguishes between MSCTs based on SEPA Instant Credit Transfer (SCT Inst) and on SCT while covering for both the two MSCT modes: payee-presented and payer-presented data.
The work stream (WS) technical interoperability is making good progress on a new document defining the Minimum data elements in the MSCT interoperability messages, hereby taking into account the need for alignment with the SCT Inst and SCT scheme rulebooks as well as the SEPA Request-To-Pay (SRTP) scheme rulebook.
The various work streams are also making the necessary updates to multiple chapters of the MSCT Interoperability Guidance (IG) in view of technological progress and market developments over the past years, in preparation for the second release of this document. This new release will also integrate, besides the new documents mentioned above, 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.
The joint task force that the MSG MSCT established with the European Cards Stakeholders Group (ECSG), on Consumer selection of preferred payment instrument at the point of interaction (POI), is currently defining requirements, hereby firstly focusing on payments at physical POIs, covering both attended and unattended terminals.