SEPA Cards Standardisation Volume, now Open to Public Consultation!

27 mai 2016

The European Payments Council (EPC) and the Cards Stakeholders Group (CSG – a multi-stakeholder body gathering retailers, vendors, processors, card schemes and the EPC) released version 7.5 of the SEPA Cards Standardisation Volume (the Volume) for a three-month public consultation.

„The Volume is considered to be a key document for the card industry, aimed at achieving cards standardisation, interoperability, and security in Europe”, according to the press release.

The Volume version under public consultation includes guidelines facilitating compliance with the Card Interchange Fee Regulation (which final part will be in force on 9 June 2016), particularly in the fields of contactless payments and choice of application.

As it is an essential piece of the card industry self-regulation, the Volume should reflect market needs. Card schemes, PSPs, merchants’ representatives, consumer organisations and other stakeholders are invited to participate in the public consultation and send their comments by 12 August 2016. More information about the main changes included in the Volume 7.5 and the public consultation (such as the instructions to send comments) are available here.

Structure of the volume
structura raport carduri EPC

The expert teams of the CSG will analyse all suggestions once the consultation closes. An updated version will be published in December 2016, to be implemented immediately for a three-year period.

This public consultation is part of the regular change management cycle of the Volume, in order to keep it up-to-date with card technology and regulation.

Life cycle of the volume

raport carduri EPC calendar implementare

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Gabriela Nistor – director general adjunct BT

Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?