Paving the way for a SEPA wide Payment Solution. The OSCar Project June 2013

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1 Paving the way for a SEPA wide Payment Solution The OSCar Project June 2013

2 Agenda 1. Retailers needs and expectations (related to Payment solutions) 2. SEPA Card Standardization program contribution 3. The OSCar project value proposition 4. Questions

3 Agenda 1. Retailers needs and expectations (related to Payment solutions) 2. SEPA Card Standardization program contribution 3. The OSCar project value proposition 4. Questions

4 What are the retailer s needs (related to Payment solutions) To optimise payment process across Europe (multi-acquiring, central acquiring, central reporting..) To be provided with SEPA wide payment solutions in quicker time to market for all channels and technologies (face to face, Unattended, chip, contactless, mobile, etc) Expecting standardised payment solutions for all the payment cards they accept (banking cards, private label cards, etc) To benefit from innovative, interoperable and open solutions To capitalize on costs reduction and increased competition to deliver more value to their customers

5 What do Retailers expect from the SEPA Card Standardisation program? A single card payment experience Today Tomorrow Application & Protocol Single Standardised Payment Application & Interoperable Protocol(s) able to process all bank issued cards independently of the brand Single, cost-effective, one stop shop solution SEPA-wide

6 How should it look like? Fewer terminal to acquirer protocols based on open ISO standards Cardholder SEPA EMV interoperable payment application(s) Standalone POI 1 SEPA single Set of Security Requirements & Single Certification Merchant Acquirer Issuer Single POI Security Certification + Single POI functional Certification (at least for Basic Card payment services) Interoperable & Open Standards and Protocols Single EMV payment application working with all bank issued cards independently of the brands

7 Agenda 1. Retailers needs and expectations (related to Payment solutions) 2. SEPA Card Standardization program contribution 3. The OSCar project value proposition 4. Questions

8 What is the Card Standardisation Program supposed to provide? One POI Payment Application, one Acquirer protocol, one set of POI security requirements Endorsed by all SEPA Card Schemes and Countries Supported by an efficient functional certification and an efficient security certification processes recognised by all SEPA Cards Schemes and countries Vendors to design single POI solutions for the whole SEPA Allowing Retailers to be provided with multi-countries, multi-schemes POS solutions, interoperable with any SEPA acquirer Acquirers to provide more easily SEPA wide acquiring services through a single solution

9 Tomorrow: the Certification path for a Payment solution in the SEPA In the SEPA standardisation scope Step 1: Security Step 2: EMV Level 1 & 2 Step 3: Functional Certification Currently out of the scope Step 4: Type Approval Other initiative Scheme by scheme if required Global Standard used by Target: Common certification process for all SEPA schemes No security evaluation by schemes on the top of that No scheme requirements on that level Approved Accepted by all SEPA Schemes Accepted by all SEPA Schemes Accepted by all SEPA Schemes Ready to be deployed in SEPA Compliant with the SEPA Volume chapter 5 & 6

10 What has been achieved so far on the functional domain The way to standardise the SEPA Own the SEPA Cards Standardisation Volume Book of Requirement Write, maintain and propose high level requirements for standardisation in the Volume to be validated by all sectors CIR (SEPA FAST) Develop implementation specifications in compliance with the Volume chapters related to functional and protocols requirements SEPA FAST: EMV Payment terminal Application EPAS protocols: ISO20022Acquirer protocol/tms* protocol ISO20022l/Retailer protocol Set-up pilot based on implementation specifications for protocols & payment application and set-up OSCar evaluation/certification infrastructure

11 Agenda 1. Retailers needs and expectations (related to Payment solutions) 2. SEPA Card Standardization program contribution 3. The OSCar project value proposition 4. Questions

12 OSCar Ambition Bring the theory into practice SEPA «Volume» EPAS ISO SEPA FAST CAS POI PP

13 OSCar Mission Foster the development of SEPA wide POI solutions implementing The SEPA-FAST payment application specified by the CIR (www.cir-twg.org ) and The EPAS ISO20022 Acquirer protocol specified by EPASOrg (www.epasorg.eu) Packaged in the OSCar Integration Specification (OIS) V1.2 as an efficient alternative to the legacy, country or scheme specific, POI payment solutions Set-up the associated functional certification infrastructure Allowing one-stop shop evaluation & certification of OSCar POIs in accordance with the SEPA Certification framework Recognised by the different SEPA Card Schemes and Approval Authorities

14 OSCar Consortium Brings together key payment industry stakeholders Open to new members 0 membership Fee Any interested party, ready to commit resources and to participate to the project Support End-Users field trials without direct membership Acquiring banks and Retailers can also participate to the OSCar fields tests without being a direct member of the consortium Retailers are invited to join the project and participate to the pilots

15 OSCar Short-Term Objectives- 2011/2012 Launch OSCar pilots with Vendors, Acquirers, Acquiring services providers and Retailers Accepting different Card Brands Running in several SEPA countries Operating on attended terminals today Performing basic card payment services (payment, refund, cancellation) Handling EMV transactions and accepting magstripe transactions Set-up a SEPA Compliant OSCar functional certification process for the pilot Based on OSCar Test cases, Evaluation and Certification procedures compliant with the Volume Implemented by currently participating Testtool suppliers, Test labs and Certification bodies and recognised by SEPA Card Schemes

16 OSCar Members: as of June 2013

17 OSCar Roadmap OSCar phase 1 - limited scope and pilots In scope OSCar phase 2 - extension of the scope and roll-out Progressive extension of the scope Face to face environment Unattended Terminals EMV contact & Magstripe EMVCo Contactless/NFC Basic payment services Advanced card payment services Simplified Functional Certification infrastructure (for pilot purpose) Upgrade of the OSCar Certification infrastructure Out of scope To support roll-out of Oscar solutions Unattended Terminals Setup of the OSCar governance legal body EMV contactlless/nfc Advanced card payment services

18 OSCar Phase 1: planning 18

19 Executive Summary The Retailers need To optimise the payment process with SEPA wide payment solutions for all payment channels and technologies To rely on standardised solutions for all payment cards To capitalize on cost reduction and to increase value for their customers SEPA card standardization program contribution A single card payment experience One POS payment application, one Acquirer protocol, one set of POS security requirements The OSCar Value proposition: Bring the theory into practice Foster the development of SEPA wide POS solutions Launch field trials with Vendors/Acquirers/Service providers and Retailers Set-up of functional certification infrastructure and process Roadmap: Development and Multi-countries/Multi-schemes pilots New pilots and roll out deployment

20 Agenda 1. Retailers needs and expectations (related to Payment solutions) 2. SEPA Card Standardization program contribution 3. The OSCar project value proposition 4. Questions

21 OSCar Crossing borders

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