Search results
In relation to electronic payments, the concept of Request-to-Pay (RTP) can be defined as the set of operating rules and technical elements (including messages) that allow a Payee (or creditor) to claim an amount of money from a Payer (debtor) for a specific transaction.
The present document consists of two main parts: the specification of a QR-code standard for IPs at the POI, both for a merchant-presented and a consumer-presented QR-code (Chapter 4), and the governance aspects related to the usage of QR-codes for IPs (Chapter 5), which should become part
The document containing this outcome takes the form of “specifications for a standardisation framework” and is now published by the EPC. It is a guidance document supporting further work on an RTP scheme.
Member States and focus on explaining the rules governing the reporting of payment information. They detail the scope of the reporting obligation, present the main payment methods currently used in the European Union to pay for goods and service online, explain what the triggers of the reporting
Request to Pay is designed to complement existing bill payment methods including Direct Debit, regular, and one-off bill payments. It allows billers to send secure messages to their bill payers when requesting payments.
consider when developing a Fast Payment System (FPS) and incorporating the same in their NPS reform agenda. The tool-kit is based on the analysis of multiple FPS implementations across the world. The Fast Payments Toolkit consists of the following three components. Moreover, a dedicated website (https://fast-
Identifiers for designated payment systems and providers. Specifications are technical requirements for designing payment products to work seamlessly and securely everywhere. EMV 3DS allows seamless authentication of consumers to prevent card-not-present (CNP) fraud and increase the security of e-commerce payments.
