The EPC and the three national schemes have signed a memorandum of understanding (MOU), under the terms of which the schemes are expected to test the Interoperability Framework developed by EPC and propose improvements where appropriate.
Then, EPC is expected to take these suggestions into consideration and adopt a first version of the SEPA ePayments framework in the summer of 2011.
The objective of the parties is to create an open infrastructure where consumers in one European country can pay online retailers in another European country for ordered services via their online banking accounts.
In addition, the three schemes are expected to investigate how a standardised way of making a guaranteed e-payment from consumers to online merchants can be carried out, using open standards for messages and for the content of the messages. Moreover, security, legal and operating matters are expected to be examined on the level of interoperability.
The “proof of concept” is due for completion by the end of March 2011. Then, starting with July 2011, existing and new schemes can start their implementations of the defined standards to achieve operational interoperability.
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