| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/06/496 (12.4.06) |
| Publication Date | 12/04/2006 |
| Content Type | News |
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According to a preliminary report published on 12 April 2006 by the European Commission on its sector inquiry into the payment cards industry (see IP/05/719 and MEMO/05/204) businesses and consumers did not yet benefit from a fully competitive Internal Market in payment cards. The report, based on responses from many market participants, revealed several potential barriers to entry into payment card markets, such as technical obstacles and practices by banks and networks that may raise costs for entrants. The industry, consumers and other interested parties still had ten weeks (until 21 June 2006) to submit their views and comments on the preliminary findings. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/496&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
