The European Payments Council has published the second edition
of its White Paper on Mobile Payments.
The new white paper’s release comes after the first in July
2010, which explored how m-payment services can be delivered
through cooperation between service providers in the payment
industry and players within the mobile ecosystem.
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The release of the paper comes just weeks after the European
Commission (EC) published a Green Paper titled Towards
an Integrated European Market for Card, Internet and Mobile
Payments.
The EC aims to initiate debate among the various industries
within payments on the best approaches towards the vision of a
single European market
The updated version of the EPC paper describes
mobile wallets in more detail and aims to respond to the changing
needs in the payments area, demonstrating how
m-payments can increase efficiency and convenience.
The white paper also covers two areas of
activity; contactless and remote m-payments, analysing the case for
mobile remote card and
SEPA credit transfer payments.
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EPC aims to support the advancement of both types of m-payments
to ensure the development of a sustainable infrastructure.
EPC chair Gerard Hartsink said:
“The EPC, working together with all
stakeholders active in the mobile payments ecosystem, is willing to
contribute to the development of the necessary standards and
business rules with regard to the initiation and receipt of SEPA
payme
nts by mobile.
“Our intention is to help establishing a
framework, which enables potentially all payers and payees to make
m-payments across the European Economic Area, and creating a secure
environment for the multiple stakeholders active in the field.”
The EPC has asked SEPA stakeholders to provide
feedback by 23 March 2012.
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