Update EPC Plenary Meetings

Update EPC Plenary Meetings

Main decisions taken in December 2010

05 July 12

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Update of the Cards Standardisation Volume and Approved Resolution 'Preventing Card Fraud in a Mature EMV Environment'

The Cards Standardisation Volume - Book of Requirements defines functional and security standards requirements as well as evaluation methodology designed to achieve interoperability based on open and free standards within . The Plenary approved version 5.0 of the Standardisation Volume - Book of Requirements for publication with qualifications regarding chapters 5 and 6 and acknowledging that a future update will be considered in the course of 2011. Approval of chapters 5 (security requirements) and 6 (certification) was deferred pending additional changes.

The Plenary also approved the Resolution 'Preventing Card Fraud in a Mature EMV Environment', which identifies the appropriate measures to fight fraud in a mature chip and PIN card ecosystem.

See also the link to a separate article on this subject below.

Obsolescence of conventions for cross-border payments in euros and the ICP

The Convention for Cross-border Payments in Euros and the Interbank Charging Principles (ICP) Convention, introduced in 2002 and 2003 respectively, were the first market conventions on pan-European payments in euros published by the . The Convention for Cross-border Payments in Euros provides a standard for the execution of a 'basic' pan-European credit transfer. As for the ICP Convention, it proposes a set of principles regarding certain aspects of processing credit transfers in euros inside the European Union. On 15 December 2010, the resolved that both these conventions are declared obsolete as they are based on outdated legislation and have been superseded by a combination of the Payment Services Directive, Regulation 924 / 2009 and 's Credit Transfer ( ) Scheme Rulebook.

See also the link to a separate article on this subject below.

Approval for publication of documentation relevant to the Certification Authority Supervisory Board (CASB)

The CASB will handle applications from certification authorities (CAs) who wish to become approved in offering e-mandate Services. As previously reported, the Direct Debit ( ) Schemes include the optional e-Mandate feature; i.e. the option to create a mandate through an electronic channel. The e-mandate option provides an additional means of authorising direct debit collections. The e-mandate solution is based on secure, widely used online banking services offered by banks today. The e-mandate solution is an optional service supported and offered by banks to their customers.

The e-Mandates e-Operating Model spells out the requirements to be met by approved CAs. It is the role of the approved CAs to securely qualify legitimate validation service providers and routing service providers. The CAs will issue certificates to validation service providers and routing service providers that meet the requirements of the e-Mandates e-Operating Model. The approved Certification Authorities provide a common trust (and hence liability) model enabling secure message flows between the validation service providers and the routing service providers facilitating the e-mandate service. Thanks to the CAs, there is no need for the parties involved in the e-mandate process flow to establish bilateral agreements.

To access documentation relevant to the CASB click here.

establishes an E-Commerce Payments Working Group

The Plenary decided that more research needs to be done in the area of e-payments so that to ensure that decisions to be taken in the future in this area are soundly based. In parallel to completing the work already mandated with regard to the e-payments Framework, i.e. completion of the proof of concept and finalisation of the framework, it was agreed that some basic work needs to be done in order to establish exactly what the could / should further contribute in the area of e-payments1. A white paper is being developed as a first step and a working group is set up both to continue the current work and to undertake the research recommended. The Plenary resolved that a new E-Commerce Payments Working Group be established to commence operations in March 2011.

Analysis of the business-to-business needs regarding Credit Transfer

Since the concept of a Rulebook was first introduced, there have been various suggestions from market players indicating that there are several requirements for additional features and services specific for the business to business (B2B) use of credit transfers. In subsequent discussions in the  's Customer Stakeholder Forum (CSF) the concept of a service level agreement (SLA) for or an optional rulebook was brought forward by the stakeholders, which sets out a number of topics that would need to be addressed for inclusion in such a document. The Plenary resolved that the Payment Schemes Working Group be requested to carry out a study, for review in March 2011, as to whether there is a market need to initiate work to accommodate specific B2B credit transfer requirements.

Gerard Hartsink is the Chair of the .

Related articles in this issue:

Work in Progress. The EPC approves update of the SEPA Cards Standardisation Volume and a new Resolution 'Preventing Card Fraud in a Mature EMV Environment'

The King is Dead, Long Live the King. The EPC Repeals the Convention for Cross-border Payments in Euros and the Interbank Charging Principles (ICP) Convention

Building a Single Market for e-commerce payments. The SEPA e-Payment Framework - from design via proof of concept to market

Related article in previous issues:

Have it Your Way! The EPC e-Mandate option: a secure way to authorise a SEPA Direct Debit payment ( Newsletter, Issue 6, April 2010).


1 In June 2012, the EPC and its members decided to abandon the work on a draft SEPA e-Payment Framework

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