EPC lays out framework for handling CNP transactions

The European Payments Council (EPC) has unveiled a blueprint for the establishment of an interoperable card and terminal infrastructure to process card-not-present (CNP) transactions across SEPA.

EPC outlines framework for CNP transactions

The proposals are published in the latest version of the Sepa Card Standardisation Volume, devised by the EPC in conjunction with the Cards Stakeholders Group (CSG).

The document includes new functional and security requirements applicable to CNP transactions, enhanced requirements related to the pre-authorisation of card payments and a cards processing framework.

The document also outlines functional and security requirements applicable to CNP payments, which are initiated in the context of electronic or mobile commerce or by mail or telephone order, along with enhanced requirements related to the pre-authorisation of both face-to-face and remote card payments relevant to, amongst others, service providers operating in the hospitality sector.

The cards processing framework defines business principles and requirements for market access and participation in card payment processing services. The CSG is calling on all stakeholders to provide feedback on the new specifications by 5 June 2015. A revised and final version of the documentation will then be published, which will be subject to a three-year implementation timeline.

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