The European Cards Stakeholders Group (ECSG) is pursuing a standardisation initiative on behalf of the cards industry, consistent with the EU’s objective to create a Single European Payments Area (SEPA).
ECSG has produced guidance documents in a series of “Volumes” that define the way in which standards should be applied. It then reviews proposed specifications and, if they conform, grants a “Label” for that specification.
Following a review of the specifications in two IFSF payments standards, ECSG have announced that conformance labels have been granted to IFSF for Part 3-40 IFSF POS to FEP Interface specification and Part 3-50 IFSF Host to Host Interface specification (both version 2.0) against the SEPA Cards Standardisation Volume v8.0.
Simon Stocks, Chairman of IFSF, said “IFSF is delighted that the ECSG has recognised our contribution to standardisation of the complex payments area. These standards are already widely used and this will reinforce our efforts to enable interoperability within the fuel and convenience sector and other sectors facing similar challenges. This reduces costs and time to market for both suppliers and retailers.”
If you wish to find out more, please contact the IFSF Administration team (email@example.com).