It will progressively become more and more common to pay with a mobile device, to shop online, to pay in a store with a proximity technology (such as Quick Response – QR – code or Bluetooth Low Energy – BLE), and for person-to-person transactions, based on (instant) credit transfers.
Towards an increasing number of mobile payments based on credit transfers
While many mobile payments are currently based on cards, credit transfers are an excellent complement for person-to-person and person-to-business transactions. What is more, the new SEPA Instant Credit Transfer scheme, enabling the transfer of up to 15,000 euros in less than ten seconds, was designed with digital channels in mind. In view of the flexibility offered by mobile phones - a personal device present anywhere at any time - it is likely that there will be an increased usage of mobile devices for the initiation of credit transfers, both instant and regular.
The ad-hoc multi-stakeholder group for the development of Mobile Initiated Credit Transfer Interoperability Implementation Guidelines (including Inst)
To contribute to the take-up of mobile initiated credit transfers in Europe, the creates an ad-hoc multi-stakeholder group. This group will be mandated to create the Mobile Initiated Credit Transfer Interoperability Implementation Guidelines (MSCT IIGs). This document will be useful to all stakeholders involved in the MSCT ecosystem, including payment service providers, customers, technology providers, other service providers etc.
These guidelines aim to contribute to a further integration of payments in the European digital market, with a special focus on the customer experience.
The working group will start with the development of these guidelines early May 2018 and is to deliver a document for a three-month public consultation by Q1 2019.
Who can apply?
The is looking for professionals from various backgrounds related to payments or technology, ideally from organisations having a pan-European scope: representatives of consumers, retailers, e-merchants, technology vendors, other service providers…The group will also include an delegation made up of payment service providers.
The composition of the group is limited to 30 seats. Interested candidates can find further information, also about how to apply, in the mandate.
Applications have to be submitted by 15 April 2018. The first meeting will be organised in Brussels in May 2018.
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