EPC and GlobalPlatform Sign MOU for Mobile Technology Development

The European Payments Council (EPC) and GlobalPlatform, the international specification body for smart card infrastructure, have signed a memorandum of understanding (MoU) to coordinate their work initiatives within the mobile contactless environment. In the agreement, the two parties aim to promote the availability of interoperable and neutral technology that will support a flexible and sustainable mobile payments marketplace.

The first priority of the MoU is to verify compliancy between GlobalPlatform’s technology and the EPC use cases. Focus will also be placed on the capabilities of the GlobalPlatform Messaging Specification to standardise communication between the different players in the mobile proximity payments ecosystem such as banks, trusted service managers and mobile network operators. The second objective is to further analyse a possible co-operation on compliance and certification of the secure element that hosts the mobile payment application(s).

Dag-Inge Flatraaker, the chairman of EPC M-Channel Group, said: “We have now created and approved an EPC roadmap for mobile payments services such as SEPA [single euro payments area] contactless card proximity payments and SEPA remote payments. We clearly see the importance of working together with GlobalPlatform in the contactless domain in order to facilitate the implementation of our roadmap, foster interoperability and contribute to a cohesive ecosystem that leverages the SEPA infrastructure implemented by the European banking industry.”


Related reading

New consumer banking head for Citi Asia Pacific