What’s next for retail payments in Europe? A brief summary of the outc...

What’s next for retail payments in Europe? A brief summary of the outcome of the latest ERPB meeting

05 December 16

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The latest meeting of the Euro Retail Payments Board () took place on 28 November 2016. This body brings together the demand and supply sides of payments (including the ) to address strategic retail payment issues, and its conclusions demonstrate the dynamism of European payments.

The creation of an working group on Payment Initiation Services () was decided. The revised Payment Services Directive () adds to the list of payment services, and gives providers of access to payment accounts to initiate a payment in an online manner, at the customer’s request. The European Banking Authority’s Regulatory Technical Standards will define a uniform legal framework for . The goal of the new working group is to specify a common set of technical, operational and business requirements for the development of an integrated market for whilst also considering possible implications and synergies for other new services regulated by (i.e., account information services and confirmation of availability of funds). This working group is co-chaired by E-Commerce Europe and the , with the objective of delivering its report at the June 2017 meeting.

Another area in which the is involved, and which was discussed at the meeting, is pan-European Person-to-Person () mobile payments. The Mobile Proxy Forum, created in January 2016 following an recommendation, and for which the provides secretarial support, submitted a status update. Among the progress made by the Forum, one notable step was the definition of the polling hierarchy logic. This hierarchy will be useful when several solutions have a claim on the same mobile phone number. It will be included in the rules of the pan-European standardised proxy lookup () service, which the Mobile Proxy Forum will develop. The pan-European service is expected to be launched towards the end of 2017.

The SEPA Instant Credit Transfer scheme was also discussed during the last meeting. The congratulated the for delivering the new scheme on time, just one year after having been invited by the to create it. The encouraged the implementation of Inst as from November 2017 and stressed the need for the timely availability of an effective, efficient and interoperable clearing and settlement infrastructure.

Electronic invoicing (or e-invoicing) from a payments perspective was another topic on the agenda. An working group, created in November 2015 and co-chaired by the (alongside the European Association of Corporate Treasurers (EACT) / Business Europe), presented its report on electronic invoice / bill presentment and payment (EIPP / EBPP) solutions related to retail payments. This report, which is based on a survey conducted by the working group, provides a description of the European landscape of these solutions, the hurdles faced by the industry in their development, and the working group’s vision on how the future landscape could develop in the coming years including key success factors of harmonised EIPP / EBPP solutions. Among the several benefits of harmonised e-invoicing payment services are convenience, fraud and error reduction and a faster collection of receivables. As a next step, the decided to ask this working group to define the minimum requirements for EIPP at the levels of business rules and technical standards. The goal is to help develop EIPP solutions that are interoperable on a pan-European level, which would increase their scalability and the business case for EIPP providers, as well as for businesses, in line with user needs.

Contactless payments were part of the key topics covered: the plans to create a multi-stakeholder working group to update the existing contactless implementation guidelines, together with the European Cards Stakeholders Group. This action stems from the recommendations on contactless made by the one year ago and was noted by the .

And finally, the ERPB discussed the subject of the broader accessibility of payment services for less digital-oriented users, the disabled or elderly. This will translate into the setting-up of an informal working group, open to all interested members, which will report in due course to the on the outcome of its work. The welcomes this new initiative, to which it will contribute, as accessibility is a relevant issue for a significant segment of the European population. 

We invite you to read the ERPB statement if you wish to learn more about the outcome of the November 2016 meeting.



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