European Payments Council - The “new EPC” www.epc-cep.eu CEESCA Zagreb, 19 March 2015 Dalibor Kurtović EPC structure EPC Association General Assembly Board Module 1 (“Charter of Autonomy” ) Adherents Assembly Scheme Management Board (SMB) Committees_____ - Complaints and Adherence - Appeals CASB_________ Certification Authority Supervisory Board SEM WG_______ Scheme Forums_ Scheme Evolution - End-user and Maintenance - Technical Working Group Module 2 _ - Cards WG - Cash Efficiency WG -Task Forces • Instant payments • Mobile and Card-Based Contactless Proximity Payments • Person-to-Person Mobile Payments Director General Secretariat The "new EPC" | CEESCA | 19 March 2015 2 EPC Association EPC Association_________ EPC Association Board _____________ Payment Security Support Group_ ─ 73 members ─ Croatian banking Association (HUB) is a member ─ Representative: Dalibor Kurtović (HAAB) ─ Max 30 representatives (possible coalitions) ─ Providing advice and guidance on security issues affecting payments within ─ 1 representative per 2,5% of payments volume the framework of the EPC’s activities (EC “Blue Book” non-cash) ─ Representative : Tomislav Vazdar ─ Coalition: Austria 2,4% + Croatia 0,48% = (ERSTE) 2,88% ─ Representative: Walfried Lemerz (Raiffeisen Bank International) The "new EPC" | CEESCA | 19 March 2015 3 Module 1 – Scheme management Scheme Participants Assembly Scheme Management Board _________ SEM WG__________________ ─ Members - all banks adhered to the SEPA schemes ─ Representative: Svetlana Tolnauer (ZABA) ─ Max 25 representatives (possible coalitions) ─ 1 representative per 5% of payments volume (EC “Blue Book” , Credit transfers and Direct debits) ─ Coalition: Italy 3,63%, Hungary 1,13%, Croatia 0,57% = 5,33% ─ Representative : Barbara Pelliccione, ABI The "new EPC" | CEESCA | 19 March 2015 4 Module 2 – Contribution to Payments Development 2015 deliverables ─ Preparations for a SDD No-Refund Scheme ─ Developments in e-invoicing services closely related to payments in Europe ─ Pan-European e-commerce payments The "new EPC" | CEESCA | 19 March 2015 Ad hoc Task Forces ─ Instant Payments ─ Mobile and Card-Based Contactless Proximity Payments ─ Person-to-Person Mobile Payments 5 Non-cash payments (EC Blue Book 2013) The "new EPC" | CEESCA | 19 March 2015 6 SEPA Cards Standardisation SCS Volume v7.05 Context overview Source: Francis Geets EPC Secretariat The "new EPC" | CEESCA | 19 March 2015 7 1. Maintenance principles • The SEPA Cards Standardisation Volume ("Volume") is owned by the EPC • The maintenance of the Volume has been delegated to the Cards Stakeholders Group • The Volume is composed of a set of Books • The full set of Books is reviewed in a new version of the Volume every 3 years • The public consultation for a new version of the SCS Volume (full set of Books) is organised over 3 months • Individual Books can be reviewed in the meantime, either for legal alignment, or for urgency • The public consultation for a new version of an individual Book is organised over 1 month • No consultation is organised for alignment either with regulatory texts or with new worldwide standards The "new EPC" | CEESCA | 19 March 2015 8 2. Conformance with SCS Volume Principles • Each stakeholder in the Card and Terminal domain remains free to decide whether it will become conformant with the Volume • It is assumed that the Members and the Associate Members of the CSG who contributed in defining the Volume requirements will implement the ones that are relevant for their type of activity • The ERPB is inviting the CSG to monitor the conformance of the Market with the Volume • Any stakeholder who decided to implement the Volume requirements cannot claim for "Volume conformance" without having implemented all the requirements relevant for its activity • The assessment of the way a stakeholder implements the Volume requirements is a selfassessment process • Self-assessments when provided to the CSG Secretariat should be published on the CSG public website • As a general principle, the requirements published in the Volume become mandatory for stakeholders wishing to become Volume conformant, three years after CSG releasing a publication. For some requirements, different deadlines can be set The "new EPC" | CEESCA | 19 March 2015 9 3. Conformance with SCS Volume Major current deadlines • Volume v7.0 • Was published in Q1 2014 as a stable version ready for implementation and investments • Is to be implemented for 1 January 2017 • The individual Books that are currently reviewed (Book 1, 2, 3 + annex, 4, 6 and new Book 7) • Will be known for ease as Volume v7.1 (after an interim version 7.05 being submitted to consultation) • Is expected to be published in Q4 2015 • Is expected to be implemented for 1 January 2019 The "new EPC" | CEESCA | 19 March 2015 10 4. SCS Volume v7.1 versus v7.0 Volume v7.0 • Focuses on requirements for Face-to Face Payments (later called "Local Payments" Volume v7.1 • • • • Is composed of • Book 1: General (and definitions) • Book 2: Functional requirements • Book 3: Data elements • Book 4: Security requirements • Book 5: Volume conformance aspects (Certification and Labelling) • Book 6: Implementation guidelines The "new EPC" | CEESCA | 19 March 2015 • Focuses on requirements for Remote Payments Includes also new Pre-Authorisation requirements and new contexts Is aligned with relevant officially published Regulatory texts (EBA guidelines, PSD2 and IF) Is composed of • Book 1: General (and definitions) • Book 2: Functional requirements • Book 3: Data elements • Book 4: Security requirements • Book 5: Volume conformance aspects (Certification and Labelling) • Book 6: Implementation guidelines • Book 7: Processing Framework (in red Books impacted by Remote Payments) 11 Clarification on contactless payments • No new requirements for Face-to-Face payments as defined in Volume v7.0 were added, but … • In order to adopt a terminology consistent with Remote Payments, Face-To-Face transactions have been segregated into 3 types of transactions in Book 2 (Functional requirements) of Volume v7.05 : • With contact • Chip and Mobile contactless (6 requirements out of which 4 refer to EMV) • Additionally a new illustrative context has been created in Book 6 (Implementation guidelines) on "Contactless Payment with no Cardholder Verification Method required in an attended and unattended environment, cardholder is present and final amount is know" The "new EPC" | CEESCA | 19 March 2015 12 5. SCS Volume v7.05 - Consultation • The version of the Volume which is preparatory to Volume v.7.1 and will be published for consultation is called version 7.05 • The public consultation of Volume v7.05 lasts from 10 March 2015 till 5 June 2015. • Volume v7.05 includes the requirements for Remote Payments, the Pre-Authorisation requirements and new contexts; but this version is not yet aligned with legislative/ regulatory texts expected to be officially adopted in 2015 • Comments are expected to focus on the newly introduced aspects; comments on » Volume v7.05 aspects (Remote requirements, Pre-Authorisation and new contexts) will be analysed in the scope of the preparation of Volume v7.1 » Volume v7.0 aspects (Face-To-Face requirements) will be analysed in the scope of the preparation of Volume v8.0 The "new EPC" | CEESCA | 19 March 2015 13 6. SCS Volume v8.0 • The full set of Books will be reviewed under the name of Volume v8.0 which is expected to be published in Q1 2017 • Volume is expected to incorporate new aspects linked to technology innovation and to the monitoring of the Volume compliance by the Market The "new EPC" | CEESCA | 19 March 2015 14 Dalibor Kurtović Executive Director Operations – Hypo Alpe-Adria-Bank d.d. Representative of the Croatian Banking Association in the European Payments Council - General Assembly [email protected] European Payments Council The "new EPC" | CEESCA | 19 March 2015 www.epc-cep.eu 15
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