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29 November 2019

EPC: The Mobile initiated SEPA (Instant) Credit Transfer interoperability guidance is published

Developed by the ad-hoc multi-stakeholder group (MSG) on Mobile Initiated SEPA Credit Transfers (MSCT), including SEPA Instant Credit transfers (SCT Inst) (MSG MSCT), the draft MSCT Interoperability Implementation Guidelines (IIGs) (including SCT Inst) went through the public consultation until the end of September 2019.

The MSG analysed the various comments and now provides an updated version of the document renamed “Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance (MSCT IG)”.

This guidance document aims through the description of MSCT use cases to provide an insight into the main issues related to the initiation of (instant) SEPA credit transfers in different mobile payment contexts such as person-to-person, consumer-to-business (retail payments including both in-store and m-commerce payments) and business-to-business payments.

By developing this interoperability guidance, the multi-stakeholder group aimed to contribute to a competitive MSCT market, by providing the different stakeholders with an insight into the different service, technical and security aspects involved. The document could serve as a reference basis for making certain implementation choices.

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