News

EPC, GSMA release public consultation paper on SEPA mobile payments

Friday 29 January 2010 14:25 CET | News

The European Payments Council (EPC) and GSMA have released the paper “TSM Service Management Requirements and Specifications” in the Single Euro Payments Area (SEPA) for public consultation.

The paper focuses on various roles and processes involved in the provision and lifecycle management of banks’ mobile contactless payment (MCP) applications which are embedded into a mobile device.

The consultation is open to all interested market participants and is expected to lead to shared solutions which will encourage the commercial collaboration between banks, mobile network operators and Trusted Service Managers and promote mobile contactless payments across SEPA. The two organisations will establish specifications regarding the roles of Trusted Service Managers to interface with banks and mobile operators.

“The requirements developed by EPC and GSMA will have a major impact enabling the mobile as a channel for payments in SEPA. This initiative paves the way for more efficient commercial launches of mobile contactless payments and contributes to interoperability and freedom of choice for the different stakeholders”, according to Dag-Inge Flatraaker, Chair of the EPC M-Channel Group.

The EPC and GSMA also forged an alliance in 2008, in a bid to support the development of m-payment services leveraging both the existing SEPA infrastructure and the infrastructure set up by mobile network operators.
 


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Keywords: EPC, GSMA, SEPA mobile payments, contactless, Trusted Service Managers, mobile operators
Categories: Payments & Commerce | Mobile Payments
Countries: World
This article is part of category

Payments & Commerce