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EPC opens applications for Request To Pay stakeholder group

EPC opens applications for Request To Pay stakeholder group

The European Payments Council is calling for experts to join a new Request To Pay Multi-Stakeholder Group.

RTP functionality is expected to become a growing feature with the roll out of instant payment schemes across Europe, enabling a payee to request a payment from a counterparty for services rendered through the use of account-based payment schemes, in addition to cards.

The new stakeholder group will build on the work of other fora for e-invoicing and mobile and online payment systems, to explore the use of the RTP in a broader context, for any means of claiming a payment by a Creditor/Beneficiary from a Debtor/Originator.

The EPC intends to hold open four seats for providers of merchant POS terminals and a further two chairs for Payment Initiation Service Providers to entice a broader perspective above and beyond that provided by pure-play banks and payment processors. In particular interest is expressed in receiving applications from organisations with a broad pan-European coverage.

A set of standards for implementing RTP functionality are expected to be prepared by November this year, and the deadline for applications to join the group is 15 February.

Interested candidates can apply by email to secretariat@epc-cep.eu.

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