european payments council the “new...

European Payments Council - The “new EPC”

www.epc-cep.eu

CEESCA Zagreb, 19 March 2015

Dalibor Kurtović

EPC structure

2 The "new EPC" | CEESCA | 19 March 2015

Director General Secretariat

EPC Association

General Assembly

Board

Module 2 _

- Cards WG

- Cash Efficiency WG

-Task Forces • Instant payments

• Mobile and Card-Based Contactless

Proximity Payments

• Person-to-Person Mobile Payments

Module 1 (“Charter of Autonomy” )

Scheme

Management Board (SMB)

Committees_____

- Complaints and

Adherence

- Appeals

SEM WG_______

Scheme Evolution

and Maintenance

Working Group

Scheme Forums_

- End-user

- Technical

CASB_________

Certification

Authority

Supervisory Board

Adherents Assembly

EPC Association


EPC Association_________

─ 73 members

─ Croatian banking Association

(HUB) is a member

─ Representative: Dalibor

Kurtović (HAAB)

EPC Association Board _____________

─ Max 30 representatives (possible coalitions)

─ 1 representative per 2,5% of payments volume

(EC “Blue Book” non-cash)

─ Coalition: Austria 2,4% + Croatia 0,48% =

2,88%

─ Representative: Walfried Lemerz (Raiffeisen

Bank International)

Payment Security Support Group_

─ Providing advice and guidance on

security issues affecting payments within

the framework of the EPC’s activities

─ Representative : Tomislav Vazdar

(ERSTE)

Module 1 – Scheme management


Scheme Participants Assembly

─ Members - all banks adhered to the

SEPA schemes

Scheme Management Board _________

─ Max 25 representatives (possible coalitions)

─ 1 representative per 5% of payments volume

(EC “Blue Book” , Credit transfers and Direct

debits)

─ Coalition: Italy 3,63%, Hungary 1,13%,

Croatia 0,57% = 5,33%

─ Representative : Barbara Pelliccione, ABI

SEM WG__________________

─ Representative: Svetlana Tolnauer

(ZABA)

Module 2 – Contribution to Payments Development


Ad hoc Task Forces

─ Instant Payments

─ Mobile and Card-Based Contactless Proximity

Payments

─ Person-to-Person Mobile Payments

2015 deliverables

─ Preparations for a SDD No-Refund Scheme

─ Developments in e-invoicing services closely

related to payments in Europe

─ Pan-European e-commerce payments

Non-cash payments (EC Blue Book 2013)


SEPA Cards Standardisation


SCS Volume v7.05

Francis Geets

EPC Secretariat

Context overview

Source:

1. Maintenance principles


• The SEPA Cards Standardisation Volume ("Volume") is owned by the EPC

• The maintenance of the Volume has been delegated to the Cards Stakeholders Group

• The Volume is composed of a set of Books

• The full set of Books is reviewed in a new version of the Volume every 3 years

• The public consultation for a new version of the SCS Volume (full set of Books) is

organised over 3 months

• Individual Books can be reviewed in the meantime, either for legal alignment, or for

urgency

• The public consultation for a new version of an individual Book is organised over 1

month

• No consultation is organised for alignment either with regulatory texts or with new

worldwide standards

2. Conformance with SCS Volume


Principles • Each stakeholder in the Card and Terminal domain remains free to decide whether it will become

conformant with the Volume

• It is assumed that the Members and the Associate Members of the CSG who contributed in

defining the Volume requirements will implement the ones that are relevant for their type of

activity

• The ERPB is inviting the CSG to monitor the conformance of the Market with the Volume

• Any stakeholder who decided to implement the Volume requirements cannot claim for "Volume

conformance" without having implemented all the requirements relevant for its activity

• The assessment of the way a stakeholder implements the Volume requirements is a self-

assessment process

• Self-assessments when provided to the CSG Secretariat should be published on the CSG public

website

• As a general principle, the requirements published in the Volume become mandatory for

stakeholders wishing to become Volume conformant, three years after CSG releasing a

publication. For some requirements, different deadlines can be set

3. Conformance with SCS Volume


Major current deadlines

• Volume v7.0

• Was published in Q1 2014 as a stable version ready for implementation and

investments

• Is to be implemented for 1 January 2017

• The individual Books that are currently reviewed (Book 1, 2, 3 + annex, 4, 6 and new

Book 7)

• Will be known for ease as Volume v7.1 (after an interim version 7.05 being

submitted to consultation)

• Is expected to be published in Q4 2015

• Is expected to be implemented for 1 January 2019

4. SCS Volume v7.1 versus v7.0


Volume v7.0 • Focuses on requirements for Face-to

Face Payments (later called "Local

Payments"

• Is composed of

• Book 1: General (and definitions)

• Book 2: Functional requirements

• Book 3: Data elements

• Book 4: Security requirements

• Book 5: Volume conformance

aspects (Certification and Labelling)

• Book 6: Implementation guidelines

Volume v7.1 • Focuses on requirements for Remote

Payments

• Includes also new Pre-Authorisation

requirements and new contexts

• Is aligned with relevant officially published

Regulatory texts (EBA guidelines, PSD2 and

IF)

• Is composed of

• Book 1: General (and definitions)

• Book 2: Functional requirements

• Book 3: Data elements

• Book 4: Security requirements

• Book 5: Volume conformance aspects

(Certification and Labelling)

• Book 6: Implementation guidelines

• Book 7: Processing Framework

(in red Books impacted by Remote

Payments)

Clarification on contactless payments


• No new requirements for Face-to-Face payments as defined in Volume v7.0 were

added, but …

• In order to adopt a terminology consistent with Remote Payments, Face-To-Face

transactions have been segregated into 3 types of transactions in Book 2 (Functional

requirements) of Volume v7.05 :

• With contact

• Chip and Mobile contactless (6 requirements out of which 4 refer to EMV)

• Additionally a new illustrative context has been created in Book 6 (Implementation

guidelines) on "Contactless Payment with no Cardholder Verification Method required

in an attended and unattended environment, cardholder is present and final amount is

know"

5. SCS Volume v7.05 - Consultation


• The version of the Volume which is preparatory to Volume v.7.1 and will be published

for consultation is called version 7.05

• The public consultation of Volume v7.05 lasts from 10 March 2015 till 5 June 2015.

• Volume v7.05 includes the requirements for Remote Payments, the Pre-Authorisation

requirements and new contexts; but this version is not yet aligned with legislative/

regulatory texts expected to be officially adopted in 2015

• Comments are expected to focus on the newly introduced aspects; comments on

» Volume v7.05 aspects (Remote requirements, Pre-Authorisation and new

contexts) will be analysed in the scope of the preparation of Volume v7.1

» Volume v7.0 aspects (Face-To-Face requirements) will be analysed in the scope

of the preparation of Volume v8.0

6. SCS Volume v8.0


• The full set of Books will be reviewed under the name of Volume v8.0 which is

expected to be published in Q1 2017

• Volume is expected to incorporate new aspects linked to technology innovation and to

the monitoring of the Volume compliance by the Market


Dalibor Kurtović

Executive Director Operations – Hypo Alpe-Adria-Bank d.d.

Representative of the Croatian Banking Association in the European Payments

Council - General Assembly

[email protected]

European Payments Council www.epc-cep.eu

mailto:[email protected]





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