Restructured Visa to focuson developing Sepa regime

Visa Europe's decision to break away from the global group and maintain its structure as an association owned and controlled by member banks, October 2006, was explained by reference to the peculiarities ofthe European payment market. Visa executives pointed in particular to a landmark European Union effort to create a seamless, cross-border payments regime which will ensure that transfers between EU member states are completed as cheaply and simply as nationalones.

European Commission: Business, Economy, Euro: Banking and finance: Consumer finance and payments: Payment services https://ec.europa.eu/info/business-economy-euro/banking-and-finance/consumer-finance-and-payments/payment-services_en

Visa: Press Release, 11.10.06: Visa announces global restructuring http://www.visaeurope.com/pressandmedia/newsreleases/press267_pressreleases.jsp

Visa: The European payments market http://www.visaeurope.com/documents/aboutvisa/eu_pmts.pdf

Visa: Visa and the Single Euro Payments Area http://www.visaeurope.com/aboutvisa/future/main.jsp?src=home_page

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