18 October 2017
Find out more

EPC and GSMA launch consultation on Sepa contactless m-payments

29 January 2010  |  9748 views  |  0 Sepa

The European Payments Council and GSMA, a trade group of wireless operators, have launched a consultation on Sepa and mobile contactless payments.

The parties say they want payment services providers and mobile network operators to cooperate on a system to enable over 500 million Europeans to make Sepa payments using their handsets.

They are asking market participants to contribute to a newly published paper: 'TSM Service Management Requirements and Specifications', which covers the different roles and processes involved in the provision and lifecycle management of banks' mobile contactless payment applications integrated into phones.

Dag-Inge Flatraaker, chair m-channel group, EPC, says: "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."

Alex Sinclair, CTO, GSMA, adds: "This is a significant move as it is the first time that mobile operators and banks have worked together at the international level on a common vision for contactless payments."

The EPC and GSMA first joined forces in June 2008 in a bid to tap the existing Sepa and mobile network operator infrastructures.

The partners envisage that new services will be managed by a so-called 'trusted service manager' (TSM), an entity that would provide a single point of contact for mobile service providers and which would also manage the distribution, configuration and activation of mobile services on NFC-enabled handsets.

Read the consultation paper here:» Download the document now 3.7 mb (PDF File)
KeywordsSEPA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

European banks call for more political backing for Sepa

European banks call for more political backing for Sepa

13 October 2009  |  9512 views  |  2 comments
European Commission moves closer to enforcing Sepa end-game

European Commission moves closer to enforcing Sepa end-game

01 October 2009  |  8696 views  |  2 comments
New schemes vital to Sepa for cards success - ECB's Tumpel-Gugerell

New schemes vital to Sepa for cards success - ECB's Tumpel-Gugerell

10 September 2009  |  8758 views  |  0 comments
EC consults on Sepa migration deadline

EC consults on Sepa migration deadline

09 June 2009  |  9988 views  |  5 comments
France delays Sepa Direct Debit launch

France delays Sepa Direct Debit launch

01 May 2009  |  15584 views  |  3 comments
Gates Foundation teams with GSMA to boost m-banking in developing world

Gates Foundation teams with GSMA to boost m-banking in developing world

17 February 2009  |  11683 views  |  0 comments
GSMA calls for NFC as standard feature on mobile handsets

GSMA calls for NFC as standard feature on mobile handsets

19 November 2008  |  7583 views  |  0 comments
European Payment Council clears up Sepa for Cards confusion

European Payment Council clears up Sepa for Cards confusion

22 August 2008  |  14512 views  |  0 comments
Sepa goes live

Sepa goes live

28 January 2008  |  16775 views  |  0 comments
Mobile operators to trial NFC payment services

Mobile operators to trial NFC payment services

14 November 2007  |  6497 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15183 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8384 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7897 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7334 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6470 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job