SEPA-FAST terminal specification available for consultation
17-07-2009
Major players in the European card payments industry have joined together to deliver the first common standard for payment terminals. This innovation offers new opportunities for retailers and acquirers across Europe. It is the next step to making the Single Euro Payments Area (SEPA) a reality for card payments.
SEPA-FAST is the first technical specification which is fully in line with the European Payments Council (EPC), SEPA Cards Standardisation "Volume". The CIR-TWG is an initiative set up to produce common standards for cards and terminals for financial payment systems. As Dutch active participant, Equens SE has been involved in this initiative since 2003.
The new common standard is now available for consultation under the title "Financial Application Specification for SCF Compliant EMV Terminals" (SEPA-FAST) at the CIR-TWG website.