Mobile Phone Payments - A European Perspective
Following a consultation process earlier this year, the European Payments Council has published the first edition of a white paper on mobile payments.
The European Payments Council (EPC) supports and promotes the creation of the Single Euro Payments Area (SEPA). In this white paper, the EPC sets out to present an overview of mobile payments (contactless and remote) for SEPA, and the initiation of of payments via the mobile channel leveraging existing SEPA payment instruments—SEPA Credit Transfer (SCT), SEPA Direct Debits (SDD) and SEPA for Card Payments. Whilst this is not a technical document there is some mention of the security aspects.
The paper describes the business rationale for mobile payment services, example usage scenarios and the business & technical aspects for mobile contactless (proximity) card payments. The payment scenarios include access to premium web content using credit card payments and also direct debit subscription services. If you are scoping out usage scenarios for future services which may involve mobile payment, the descriptions and diagrams are invaluable. Further implementation guidance is expected in due course.
A second edition of the white paper is due in the first part of 2011 that will contain more detailed information about mobile remote payments.
Posted on: 16 July 2010 at 11:27 hrs
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