The ad-hoc multi-stakeholder group (MSG) on Mobile Initiated SEPA Credit Transfers, including instant transfers (MSG MSCT) which is facilitated by the EPC, has finalised the draft Mobile Initiated SEPA Credit Transfer Interoperability Implementation Guidelines (MSCT IIGs) which will be published soon for a three-month public consultation.

These guidelines have identified the following main challenges to achieve pan-European MSCT interoperability:

  • the standardisation of the payee/transaction data exchanged between the payer and payee e.g. by the specification of an MSCT Quick Response (QR)-code, enabling multiple payment contexts;
  • the availability of a technical infrastructure for interoperability, to interconnect the different MSCT service providers  notably for the support of token/proxy-based MSCTs and MSCT confirmation and notification messages to customers (payers and beneficiaries).

In order to further analyse these challenges and evaluate the different possible solutions which should result in a set of recommendations, the MSG MSCT has decided to establish a new work-stream on MSCT technical interoperability.

The Terms of Reference for this new work-stream may be found on this page. Proposed nominations, including a motivation letter with a description of proven technical expertise on the topic, are solicited by 31 May 2019 and are to be sent to [email protected].

The first meeting of the new work-stream will be hosted in Brussels on 24 June 2019. Please also note the EPC Privacy disclaimer that applies for this call.

1 A service provider that offers an MSCT service to a payer and/or beneficiary based on a SCT Instant or SCT payment transaction. This may involve the provision of an MSCT application for download on the customer’s mobile device or the provision of dedicated software for the merchant POI. As an example, an MSCT service provider could be an Account Servicing Payment Service Providers (ASPSP), a mobile Person-to-Person (P2P) payment service provider or any party acting as a Payment Initiation Service Providers (PISP).

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