Clear2Pay, the international technology provider of next generation payment solutions for financial institutions and Atos Worldline, which brings together Atos core expertise in hi-tech transactional services, today announce the showcasing of the first Proof of Concept of the OSCar pilot during the international Cartes & IDentification Conference. The live OSCar field trial will take off in 2012.
With the newly defined ISO 20022 standards for card payments, the European card payment world is enabled to enter a new level of SEPA wide interoperable transactions. With first piloting implementations of payment applications following those new standards, Atos Worldline and Clear2Pay will showcase a first Proof of Concept and demonstrate a new and innovative generation of payment. This is a major step on the way to make the vision of a SEPA card payments approach a reality.
The OSCar project aims to define a common SEPA-wide payment solution based on the two available SEPA standards: the SEPA FAST payment application and the EPAS ISO 20022 acquirer protocol. The OSCar project will carry out field trials in 2012 in a multi-scheme, multi-acquirer and multi-country environment and will set up the respective functional certification infrastructure in parallel.