We invite experts to join our new Request-To-Pay Multi-Stakeholder Group ( ): applications have to be submitted by 15 February 2019.
The landscape of payment solutions in the retail market is undergoing transformation, under the influence of the development of account-based real-time payment schemes such as Instant Credit Transfers ( ) in Europe and of the increasing adoption of mobile devices for payment purposes. It is expected that in the coming years the use of account-based payment schemes, in addition to cards, will become more and more popular. This is facilitated by the immediate availability of funds inherent to instant payments.
Providers will need to propose end-to-end solutions which include the way in which Merchants inform the Customers about the elements of a commercial transaction, or how to request payment in exchange of goods and services as part of a transaction at the Points of Interactions (POI), and also how an individual Payee requests payment from a Payer for Person-to-Person ( ) transactions. This function, called “Request-To-Pay”, along with payment initiation, with the transmission of the payment related messages within the inter- (payment service provider) space and between the service users and their , completes the chain of business processes implementing use cases in , physical commerce and e-commerce.
The RTP function has already been identified as the central element for the specific needs in the context of E-invoicing Presentment and Payment (EIPP) and necessary documentation has been produced allowing the use of standardised ISO messages for RTP in that contexts. This work has been performed by a Multi-Stakeholder Group (EIPP MSG) at the invitation of the European Central Bank’s (ECB) Euro Retail Payment Board ( ), under the coordination of the , throughout 2018.
In parallel the has observed that initiatives have been launched making possible the use of the RTP in a broader context, for any means of claiming a payment by a Creditor/Beneficiary from a Debtor/Originator, even beyond E-invoicing purposes.
As reflected in the statement published after the ERPB meeting of November 2018, the was invited to coordinate the necessary work in parallel with the follow up of the work on standardisation for EIPP. As a result, the is creating the RTP Multi-Stakeholder Group ( ). The objective of this group is to analyse and prepare the concrete and rapid exploitation of the RTP functionality from a broader perspective, also based on the outcome of the work of the EIPP MSG in relation with the RTP and on the results of the work performed by the EPC Multi-Stakeholder Group on mobile initiated SCT and SCT Inst (MSCT MSG).
The required work is to be completed by November 2019. The mandate (Terms of Reference) of the Group including its scope of work, expected composition and organisation can be found here. Experts from organisations represented in the are invited to be members of the .
Furthermore, the considers it essential to open the membership to other actors from the electronic payment industry, such as technical providers of solutions for payments at the POI (processors, terminal providers etc.) for which 4 seats are reserved and to Payment Initiation Service Providers, with 2 open seats. The is looking for experts with various backgrounds related to payments or technology from these types of organisations including those with pan-European business coverage.
Interested candidates can apply by email to firstname.lastname@example.org by 15 February 2019. The application should contain a motivation letter including a description of proven expertise on the topics covered by the Group’s mandate.
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