The ad-hoc multi-stakeholder group (MSG) on Mobile Initiated Credit Transfers, including instant transfers (MSG MSCT), facilitated by the , has finalised the draft Mobile Initiated Credit Transfer Interoperability Implementation Guidelines (MSCT IIGs) which is ready to 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 providers1 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 interoperabilty.
The composition of the work-stream shall be well balanced in terms of technical skills and experience with the provision of MSCT services and should be composed of maximum 20 participants.
The Terms of Reference for this new work-stream may be found in ‘Related Documents’. 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 firstname.lastname@example.org.
The first meeting of the new work-stream will be hosted in Brussels 24 June 2019.
1A service provider that offers an MSCT service to a payer and/or beneficiary based on a or 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 Point of Interaction (POI). As an example, an MSCT service provider could be an Account Servicing Payment Service Providers (ASPSP), a mobile Person-to-Person ( ) payment service provider or any party acting as a Payment Initiation Service Providers (PISP).
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