Bulletin on Merchant Initiated Transactions
SCS Volume version 9.0
The European Cards Stakeholders Group (ECSG), the industry association in charge of cards standardisation in the Single Euro Payments Area (SEPA), released on October 25th, 2021 a Bulletin on Merchant Initiated Transactions to amend version 9.0 of the SCS Volume.
In early 2020 the European Commission clarified the requirements for Merchant Initiated Transactions as part of the deployment of the PSD2 regulatory standards of Strong Customer Authentication. The ECSG wanted to reflect these requirements within the Volume by publishing a Bulletin before the publication of the next version as the requirements came into effect on the 1st of January 2021.