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USEFUL DOCUMENTS

Instant Payment Models and Flows:
A first step to common SEPA Requirements

The EPSG is currently dedicated to identifying key functional and security requirements to harmonise the implementation of instant payments (account-to-account) across SEPA markets ensuring co-existence with the long established card payment infrastructure at the POI. As part of this ongoing work, the findings will be published in the next edition of the SEPA Payment Standardisation Volume. In the interim, we are pleased to release this slide-deck, which outlines the EPSG’s first approach of the primary instant payment models and associated transaction flows, providing the industry with valuable insights to navigate this evolving landscape.

Evolution towards enhanced cryptography

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Cryptoanalysis presentation

Current cryptographic algorithms used in the payments industry are coming under increasing threat due to developments in cryptoanalysis that may require a substantial response at industry level within the next decade. 

Whilst the threat is recognised and work is underway at the international level, the ECSG are undertaking their own review to understand the implications for payments in Europe.  This work includes identifying any actions the ECSG could undertake to minimise the potential impact to the industry.

The migration effort to support new cryptographic algorithms on the payments infrastructure is major, and so the ECSG, with EMVCo's collaboration, took on the task to look into potential migration strategies. As a result of this investigation, the ECSG has produced in H1 2020 an initial evaluation of the available strategies that is published here.

Specific aspects of the SCS Volume

This section provides a simplified view of specific aspects related to card payments as defined in the SCS Volume:

  • SCS volume terminologies specific terms 

  • EMV transactions aspects 

  • Tokenisation aspects of a card transaction

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