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The role of standardisation and interoperability

The role of standardisation and interoperability. ERA Conference on Legal Challenges to Payment Services in the single market October 10, 2013 Alfonso Lamadrid de Pablo Garrigues Brussels. INTEROPERABILITY BASICS ____________________________________________________.

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The role of standardisation and interoperability

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  1. The role of standardisation and interoperability ERA Conference on Legal ChallengestoPaymentServices in the single market October 10, 2013 Alfonso Lamadrid de Pablo Garrigues Brussels

  2. INTEROPERABILITY BASICS____________________________________________________ • What is INTEROP? • Why is INTEROP important? • Is INTEROP desirable? • Consumers perspective • Public policy perspective • Industry perspective • What is the optimal degree of INTEROP?

  3. How is INTEROP attained?_______________________________________________________________ • “Who” is central to the question of “How” • Private actors through market forces: • Unilateral actions: interop by design (e.g. Google maps), Vertical interop (Lync-Skype); de facto standards (e.g. Windows) • Industry coordination (consortia, JVs, SSOs), • Public actors: • Direct public regulation (e.g. mandatory interconnection in telecomm) • Other sorts of public intervention (e.g. competition law enforcement) • Public encouragement (e.g. SEPA)

  4. The current landscape for payments________________________________________________________________ • Credittransfers and directdebitstandardisedthroughSEPA • Cardpayments: • Green paperidentified 3 standard-relatedissues: A2I domain; T2A domain; Certificationstandards. • SEPA cardframework • E-payments • Rely on internet as commonplatform so standards are less on anissue. Interopissuesarise in processingphase (same as regular cardsorbanktransfers) • EPC interoperabilityframework – EU Commissioninvestigation. • M-payments “Standardisation work on m-paymentsshouldensure full interoperabilitybetween m-paymentsolutions and favour open-standardstoenableconsumermobility (…) Standardisationshouldaddresstheissue of portability of m-paymentappliccations”.

  5. Interoperability in mobile payments (I) ________________________________________________________ Gaining impressive traction riding on popularity of mobile phones as payment enabler- Great looking pie! • Everybody wants a piece • Traditional PSPs • MNOs • Tech companies (handset makers, OS developers, etc) • Others “Bankingisessential. Banks are not.”

  6. Interoperability in mobile payments (II)_________________________________________________________

  7. Interoperability in mobile payments (III)__________________________________________________

  8. Interoperability in mobile payments (IV)____________________________________________________ • Bumpy road ahead • Remote v NFC • Within NFC: SE embedded in chip v embedded in handset v embedded in SD card • Revenue sharing • Access issues • Others: security, privacy, etc.

  9. Interoperability in mobile payments (V) • Whenwouldcompetitionlawkick in? • Default regulation (particularly in paymentsindustry) • Lookingoutforinstances of exclusion in self-regulatoryinitiatives Standard setting (EPC investigation; see also CommissionGuidelines on StandardisationAgreements) • Access/Interopissues(Project Oscar Decision) • Strategicalliances (indispensable? lessrestrictivealternative?) • PastisPrologue

  10. Thank you! alfonso.lamadrid@garrigues.com Phone: +32 2 545 37 00 Fax: +32 2 545 37 99 Avenued’Auderghem 22-28 B-1040 Brussels, Belgium

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