Banking representative body the European Payments Council (EPC) has published guidelines for mobile contactless transactions in the Single Euro Payments Area (Sepa).
The EPC first made its guidelines available for public consultation in April and, having examined feedback, is now publishing a final version.
The document aims to promote the use of open standards, define security requirements and clarify the roles of various stakeholders in the mobile ecosystem. To this end, the work of existing industry bodies such as EMVCo, GlobalPlatform and Mobey Forum was analysed and incorporated.
It builds on previous work to focus on the interoperability of processes in the contactless m-payment application lifecycle management, when it is stored on SIM cards, embedded in the mobile phone itself or in a removable secure micro SD card.
Read the full set of guidelines here.
Competitive base, double OTENew York City, NY. USA
© Finextra Research 2015