PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

European Payments Council Pushing Mobile Contactless Payments

Mercator Advisory Group by Mercator Advisory Group
May 5, 2011
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
The EPC is seeking public input to its proximity mobile payment guidelines which seek to promote interoperability in the industry.

The European Payments Council (EPC) has released the final draft of its Mobile Contactless SEPA Card Payments Interoperability Implementation Guidelines for public consultation and the payments organisation is calling on the industry to provide feedback by 17 June 2011.

The new guidelines provide a description of the mobile contactless payments ecosystem today and the stakeholders involved, with the aim of providing a clear understanding of the technology available and its deployment within the market.

NFC-based proximity mobile payments, which allow consumers to make payments at POS using their mobile devices, will hopefully become a reality in the next year or two, at least in select markets. Right now chip manufacturers and handset manufacturers are busy producing NFC hardware, but most agree that the soft side (the business side) of the issue is most challenging. The EPC is hoping to “enable the quick development and implementation of mobile solutions” by:

• Promoting the use of open standards, which will avoid market fragmentation and the deployment of proprietary solutions with limited geographical reach.
• Providing transparency to market participants by clarifying the roles of key stakeholders.
• Stating the position and responsibilities of the EPC in relation to other industry bodies.
• Defining the adequate level of security for the whole mobile contactless payment value chain in order to establish confidence in this environment.

The draft EPC NFC Mobile Payment Guidelines can be downloaded here: http://www.europeanpaymentscouncil.e…fm?news_id=195
Read the original story here: http://www.nearfieldcommunicationswo…tions+World%29

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    commercial payments

    Optimizing Commercial Payments in the Digital Age

    March 21, 2023
    cross-border payments

    Cross-Border Payments: Fighting
    E-Commerce Fraud Using Data

    March 20, 2023
    fraud, ChatGPT-4

    How to Fight Fraud While Still Enabling a Great Online Customer Experience

    March 17, 2023
    RTP

    Financial Institutions Without an RTP Strategy Risk Being Left Behind

    March 16, 2023
    visa chargeback

    New Visa Chargeback Guidelines Will Be a Game Changer

    March 15, 2023
    liquidity management

    Liquidity Management Takes on Increasing Importance in Uncertain Economic Times

    March 14, 2023
    payments

    Key Challenges from Growing Payment Methods and Volume

    March 13, 2023
    Data Governance is a Journey, financial data

    How FIs Can Power Their Operations with a Modern Data Architecture

    March 10, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Autorek complimentary report: Payments Industry Outlook 2023: