The European Payments Council (EPC) has released a final draft of its guidelines for mobile contactless transactions in the Single Euro Payments Area (Sepa), according to Finextra.
The EPC says the guidelines are designed to expedite the development and implementation of NFC mobile solutions, while avoiding the development of proprietary solutions with limited geographical reach. The guidelines also describe the roles of stakeholders involved in Mobile Contactless SEPA Card payments, clarify the position of the EPC, and define the minimum level of security for the whole mobile payment value chain.
The Council is inviting industry members to provide feedback by June 17, with the goal of publishing final recommendations by October this year.
Click here to download a copy of the guidelines.