EPC Plenary Meeting Update

EPC Plenary Meeting Update

Main decisions taken in December 2011

30 January 12

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Approval of Version 6.0 of the Cards Standardisation Volume - Book of Requirements

The European Payments Council () Plenary approved version 6.0 of the Cards Standardisation Volume - Book of Requirements (the Cards Standardisation Volume) for publication. The document, which underwent a period of public consultation in June 2011, incorporates various updates regarding functional and security requirements, certification and labelling. The work of the and the Cards Stakeholders Group (CSG) continues to focus on a cards standardisation programme for a better, safer, more cost efficient and functionally richer card services environment, whatever the card product or scheme may be. The CSG manages the process of identifying standard requirements and implementation best practices that will promote interoperability in the Single Euro Payments Area () cards market. In 2009, the promoted the creation of the CSG, together with representatives from four other sectors (retailers, vendors, processors, card schemes). The creation of this body makes it possible to recognise the expectations of a broad range of stakeholders.

The Plenary noted that version 6.0 of the Cards Standardisation Volume is not final and should be viewed as an interim version. Future editions will take into consideration the expectations of the European public authorities, which, it has been indicated, will be communicated during the course of 2012. The next version will also be extended, notably on security requirements - including card-not-present and innovative web payments.

In January 2012, the Cards Standardisation Volume version 6.0 was published on the Website. For details, refer to the dedicated article 'Version 6.0 of the Cards Standardisation Volume - Book of Requirements Published' (see 'related articles in this issue' below).

Approval on next steps with regards to the release of and public consultation on the 's 'White Paper on Mobile Payments'

The Plenary approved next steps with regards to the release of the second edition of the 's 'White Paper on Mobile Payments'. The will publish this document for public consultation in early February 2012. Stakeholders are invited to provide feedback by 23 March 2012.

The second edition of this white paper aims to contribute to the business rationale for entering the mobile payments services market by:

  • Demonstrating the consumer adoption potential of mobile payments, by presenting several realistic and illustrative scenarios for the use of this payment initiation channel.
  • Providing a high level overview of the infrastructure needed to support mobile payments.

A key enhancement to the white paper is the additional analysis of the mobile remote payments ecosystem and the convenience, certainty and speed this payment initiation channel will bring to the market. The second edition of the 's 'White Paper on Mobile Payments', also describes mobile wallets at a high level. Finally, the document has been fully aligned with the 'Mobile Contactless Card Payments Interoperability Implementation Guidelines', released by the in 2011. For details, refer to the dedicated article 'Public Consultation on 2nd Edition of the White Paper on Mobile Payments' (see 'related articles in this issue' below).

Dialogue with Commissioner Joaquín Almunia, Vice President of the European Commission responsible for Competition Policies

Commissioner Joaquín Almunia, Vice President of the European Commission responsible for Competition Policy, spoke to the Plenary on the topic of 'A Fair and Open System for Payments in the Single Market' (see 'related links' below). The appreciates that Commissioner Almunia took the time to address the members and looks forward to continuing the dialogue.

Gerard Hartsink is the Chair of the .

Related links:

Speech Commissioner Joaquín Almunia: A Fair and Open System for Payments in the Single Market (14 December 2011)

EPC Press Release (27 September 2011): EPC Comments on the European Commission´s Investigation into its Standardisation Process for Online Payments

Related articles in this issue:

Version 6.0 of the SEPA Cards Standardisation Volume - Book of Requirements Published. SEPA cards standardisation continues to move forward

Public Consultation on 2nd Edition of the EPC White Paper on Mobile Payments. EPC calls for stakeholder feedback by 23 March 2012

Reflections on Recent Contributions from the European Commission Directorate General Competition to the Innovation in Payments Debate. Seeking common ground between policy makers and technical experts



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