|More from: | Finextra |||
EquensWordline has rolled out a pan-European system for the interoperability of domestic P2P mobile payment schemes across borders, using the Sepa Proxy Lookup (SPL) protocol.
The SPL allows the exchange of the data necessary to initiate P2P mobile payments by linking a mobile telephone number to an IBAN. The strategy is aimed at overcoming a fragmented scenario characterised by multiple incompatible standards by providing a unified mechanism for P2P relay.
EquensWorldline was selected as the preferred SPL service provider by the Mobile Proxy Forum, a working group initiated at the request of the Euro Retail Payments Board (ERPB), to achieve pan-European interoperability for P2P mobile payments.
The vendor’s SPL service acts as an intelligent routing network among connected P2P payment providers and forgoes
About | Finextra |
Finextra is the leading independent newswire and information source for the worldwide financial technology community.
Finextra covers all significant technology news in wholesale and retail banking, the capital markets and insurance. Finextra also publishes a wide range of research articles, features, white papers and case studies.