Or the. EPASOrg Annual Conference ISO card payment standards development. William VANOBBERGHEN, Secretary General, EPASOrg

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1 EPASOrg Annual Conference 2014 ISO card payment standards development Or the William VANOBBERGHEN, Secretary General, EPASOrg 9 October 2014 Gresham Palace, Budapest

2 Business drivers Lack of interoperability of today s specifications Need for state-of-the-art standards Support of new value-added payment services mobile contactless person-to-person internet payments Enabler of cross-border multi-acquiring 9 October 2014 ISO card payment standards development 2

3 Business drivers Meets the needs of all stakeholders of the market Security embedded in the standard Test cases and tools to guarantee the compliance of implementations Cooperation with similar third-party organisations to accelerate the actual delivery of time-to-market solutions 9 October 2014 ISO card payment standards development 3

4 What s behind a name? A card payment standardisation initiative covering most of the card payment and withdrawal value chain A rather «young» organisation inheriting the developments of 3 different organisations: EPASOrg: ISO and related protocols CIR: SEPA FAST payment application OSCar: global SEPA payment solution based on : EPAS protocols SEPA FAST payment application 9 October 2014 ISO card payment standards development 4

5 What s behind a name? A worldwide initiative not restricted to SEPA A body in charge of the certification of EPAS compliant implementations to ensure interoperability An entity ensuring a proper implementation of its specification 9 October 2014 ISO card payment standards development 5

6 What do we represent? Most of the card payment value chain components Sale to Payment protocol Inter Payment System Components protocol Acceptor to Acquirer protocol Terminal Management System protocol Payment application in a terminal SEPA payment solution End-to-end encryption ATM Withdrawals, Management and Security (with IFX Forum) 9 October 2014 ISO card payment standards development 6

7 What do we represent? Key players of the market ACI Worldwide, First Data, Ingenico, VeriFone, GBIC, Total, Groupement des Cartes Bancaires, SIX, Crédit Agricole, UniCredit, Poste Italiane, Wincor-Nixdorf, Groupe Desjardins, Equens, PAN Nordic Card Association, Worldline, Banque Accord, SRC GmbH and many others... A most active contributor (and Convenorship) to: ISO TC68/SC7/TG1: Acquirer-to-Issuer Protocol (ATICA) ISO Cards SEG: registration of ISO cardrelated standards The delivery of state-of-the-art and royalty-free ISO solutions to the market 9 October 2014 ISO card payment standards development 7

8 Why ISO 20022? A single universal standardisation approach methodology process common repository Based on a state-of-the-art methodology (vs. bitmap approach of ISO 8583) The strength of a universal ISO evolutive standard 9 October 2014 ISO card payment standards development 8

9 Why ISO 20022? Used in all financial domains payments securities trade services foreign exchanges cards Ensuring a clear distinction between the message itself (standard) and its implementation (syntax) 9 October 2014 ISO card payment standards development 9

10 Why ISO 20022? The convergence with other ISO based developments (SCT, SDD, etc.) Royalty-free specifications and implementations A strong enabler of interoperability A process to ensure the maintenance of the standard through an open and public Change Request (CR) procedure 9 October 2014 ISO card payment standards development 10

11 ISO deliveries EPAS Acquirer Protocol 17 messages registered and under maintenance Financial Administrative EPAS Terminal Management System Protocol 4 messages registered and under maintenance Management Administrative 2 new messages to be registered Delegation of the maintenance of the terminal 9 October 2014 ISO card payment standards development 11

12 ATM Withdrawal, Management and Security Protocol developed in close cooperation with IFX Forum 21 messages close to be registered soon (November 2014) Withdrawal Management Security ISO Message Definition Report (Specification) under development Record development time (started in July 2013) with the involvement of all the actors of the ATM industry 9 October 2014 ISO card payment standards development 12

13 ATM Withdrawal, Management and Security High expectations of the whole worldwide banking industry due to the lack of ATM standards today non-interoperable vendors specific proprietary specifications Draft solution already adopted in one country to federate the management of ATM s for all banks at country level 9 October 2014 ISO card payment standards development 13

14 ATICA Messages An ISO TC68/SC7/TG1 initiative Objectives Ensure the further evolution of ISO 8583 through ISO and its components Re-use of ISO 8583 data components when relevant «Acquirer-to-Issuer protocol» (ATICA) series of messages 9 October 2014 ISO card payment standards development 14

15 ATICA Messages EPASOrg : major contributor and main driver behind the development of ATICA messages Design of the messages 13 messages now ready for submission Expertise in the re-use of common message components of the Repository Consistency with other related initiatives CAPE Acquirer Protocol (EPASOrg) IFX-EPASOrg ATM Withdrawal, Management and Security protocols 9 October 2014 ISO card payment standards development 15

16 ISO Partnerships Objectives Bring the expertise of major actors of the industry to deliver common standards Accelerate the time-to-market delivery by using the expertise developed as regards ISO developments Ensure the consistency with other ISO based messages through the use of the same data and message components 9 October 2014 ISO card payment standards development 16

17 ISO Partnerships IFX Forum a US-based non-profit organisation with an expertise in the design and development of financial messages Objective of the partnership Common development of ISO ATM Withdrawal, Management and Security series of messages Use of the expertise of IFX for the development of ATM messages Use of the expertise of EPASOrg for the development of card-based ISO messages 9 October 2014 ISO card payment standards development 17

18 ISO Partnerships Outcome as of today A success with a total of 21 ISO candidate messages ready for submission A worldwide standard to be further adopted by all ATM vendors A tool for banks to ease the migration of one estate of ATMs provided by a vendor to another one offered by a different ATM without any major disturbance on application software 9 October 2014 ISO card payment standards development 18

19 ISO Partnerships IFSF A forum of international petroleum retailers Objectives harmonisation of equipment interconnectivity and of communication message standards 9 October 2014 ISO card payment standards development 19

20 ISO Partnerships Status of the partnership: Former collaborative talks Ensure that any further evolution of the EPAS Acquirer Protocol takes into account added-value message components pertaining to the petrol industry Ready to pursue talks to achieve in common a solution ensuring the interoperability with IFSF developments 9 October 2014 ISO card payment standards development 20

21 Conclusions ISO for cards a major success! Acquirer protocol 17 messages registered and maintained Version 4 included in 2014/2015 maintenance TMS Protocol 4 messages registered and maintained 2 new additional messages to be submitted ATICA protocol 13 messages to be submitted in November 2014 ATM Withdrawal, Management and Security protocol 21 message to be submitted in November October 2014 ISO card payment standards development 21

22 Thank you for your attention!

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