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OPE SIGNED

Open Payments Eco-system

Total Cost €

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EC-Contrib. €

0

Partnership

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Project "OPE" data sheet

The following table provides information about the project.

Coordinator
IXARIS TECHNOLOGIES LIMITED 

Organization address
address: 10 MIDFORD PLACE
city: LONDON
postcode: W1T 5AE
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country United Kingdom [UK]
 Project website https://www.openpayments.cloud/
 Total cost 4˙162˙916 €
 EC max contribution 2˙500˙000 € (60%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2014
 Funding Scheme SME-2
 Starting year 2015
 Duration (year-month-day) from 2015-05-01   to  2017-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    IXARIS TECHNOLOGIES LIMITED UK (LONDON) coordinator 1˙967˙132.00
2    IXARIS SYSTEMS LTD UK (London) participant 532˙867.00

Map

 Project objective

The aim is to enable the widespread development of innovative payment applications with the active involvement of financial institutions (e.g. banks) providing supporting transaction services by creating an Open Payments Eco-system (OPE). The OPE is the critical step in widening access to payment services and to alternative, open, collaborative, lower cost methods of delivering payment applications to end users (particularly SME’s) who want to make use of payment services within their business. The Eco-system enables the SME developer community to provide creative new payment applications to the market and offers a high degree of re-use of common application components. OPE has the potential to fundamentally disrupt the current creation and delivery mechanisms for payment services, by providing for the low-cost creation of quality assured payment applications and the building and delivery of payment services, in a controlled and regulatory-compliant environment. Forecasting reports (Visa Europe – 2011 and PSE Consulting – 2013) indicate a potential market for prepaid payment services in corporate and consumer segments in Europe of >€140bn by 2020. The market application will initially be launched in the UK (2017-18) but quickly rolled out into the rest of Europe (2018 onwards) leveraging the expected OPE common coded regulatory compliance, with Italy, Spain, France and Germany being the focus. Ixaris specialises in the development of innovative global applications based on open-loop prepaid card schemes and the OPE will add a unique infrastructure to its product portfolio. This will be achieved by opening up the established payment infrastructure and in doing so disrupting the traditional way in which innovation in payments takes place within the current established banking eco-system.

 Deliverables

List of deliverables.
OPE Data Warehouse (Beta) Demonstrators, pilots, prototypes 2019-05-30 12:45:20
Verification & Validation Test Specification Documents, reports 2019-05-30 12:45:21
OPE Integrated Development Environment (Beta) Demonstrators, pilots, prototypes 2019-05-30 12:45:00
Prototype System (Beta) Delivery Demonstrators, pilots, prototypes 2019-05-30 12:45:05
OPE Application-store (Beta) Demonstrators, pilots, prototypes 2019-05-30 12:45:14
OPE Integrated Development Environment (Alpha) Demonstrators, pilots, prototypes 2019-05-30 12:45:24
Project Website/Blog Websites, patent fillings, videos etc. 2019-05-30 12:45:16
Year 1 Project Report Documents, reports 2019-05-30 12:45:10
OPE Compliance Management Subsystem (Beta) Demonstrators, pilots, prototypes 2019-05-30 12:45:07
OPE Service Provider Subsystem (Beta) Demonstrators, pilots, prototypes 2019-05-30 12:45:19
Initial Commercial Plan Documents, reports 2019-05-30 12:45:26
Final Commercial Plan Documents, reports 2019-05-30 12:45:22
State-of-the-Art of Formal Verification Checking of Payment Systems Documents, reports 2019-05-30 12:45:15
Academic Papers, Industry Whitepapers and Conference Papers/Presentations Websites, patent fillings, videos etc. 2019-05-30 12:45:22
Open Payments Eco-system Conference Websites, patent fillings, videos etc. 2019-05-30 12:45:14
Project Evaluation Report Documents, reports 2019-05-30 12:45:24
OPE Execution Environment System (Beta) Demonstrators, pilots, prototypes 2019-05-30 12:45:03

Take a look to the deliverables list in detail:  detailed list of OPE deliverables.

 Publications

year authors and title journal last update
List of publications.
2015 Shaun Azzopardi, Christian Colombo, Gordon J Pace, and Brian Vella
Compliance Checking in the Open Payments Ecosystem
published pages: , ISSN: , DOI:
Proceedings of the University of Malta Computer Science Annual Workshop 2019-07-02
2016 Shaun Azzopardi, Christian Colombo, Gordon J. Pace, Brian Vella
Compliance Checking in the Open Payments Ecosystem
published pages: 337-343, ISSN: , DOI: 10.1007/978-3-319-41591-8_23
International Conference on Software Engineering and Formal Methods (SEFM) 2019-07-02
2016 Shaun Azzopardi, Christian Colombo, and Gordon J. Pace
Residual Control-Flow Static Analysis with Symbolic Automata
published pages: , ISSN: , DOI:
Proceedings of the University of Malta Computer Science Annual Workshop Annual 2019-07-02
2017 Shaun Azzopardi, Christian Colombo, and Gordon J. Pace
Control-Flow Residual Analysis for Symbolic Automata
published pages: , ISSN: 2075-2180, DOI: 10.4204/EPTCS.254
Electronic Proceedings in Theoretical Computer Science 254 2019-07-02
2016 Alex Mifsud
Why the payments ecosystem is due for a shake-up
published pages: 5, ISSN: , DOI:
raconteur.net 2019-07-02
2016 Shaun Azzopardi, Christian Colombo, Gordon Pace
A Model-Based Approach to Combining Static and Dynamic Verification Techniques
published pages: 416-430, ISSN: , DOI: 10.1007/978-3-319-47166-2_29
Leveraging Applications of Formal Methods, Verification and Validation: Foundational Techniques. ISoLA 2016. Lecture Notes in Computer Science, vol 9952 2019-07-02
2016 Christian Colombo, Gordon Pace
A Model-Based Approach to Combining Static and DynamicVerification Techniques
published pages: , ISSN: , DOI:
International Symposium on Leveraging Applications of Formal Methods, Verification and Validation (ISoLa) 2019-07-02
2016 Shaun Azzopardi, Christian Colombo, and Gordon Pace
Regulation Specification for Static and Dynamic Verification in the Open Payments Ecosystem
published pages: , ISSN: , DOI:
Proceedings of the University of Malta Computer Science Annual Workshop Annual 2019-07-02

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The information about "OPE" are provided by the European Opendata Portal: CORDIS opendata.

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