Card payments in Europe – a renewed focus on SEPA for cards

Author (Corporate)
Publisher
Publication Date 2014
ISBN 978-92-899-1363-8
EC QB-04-14-437-EN-N
Content Type

Following the near completion of the migration of the first two payment instruments, credit transfers (CTs) and direct debits (DDs), to the Single Euro Payments Area (SEPA), the Eurosystem is now turning its attention to the harmonisation of the largest electronic retail payment instrument: card payments.

A new and comprehensive report entitled 'Card payments in Europe – a renewed focus on SEPA for cards', prepared by the European Central Bank (ECB) was published in April 2014. It explained the basic concepts, provided aggregate statistics at the European Union (EU) level, and presented the Eurosystem’s views and policies on SEPA for cards.

The ultimate aim of SEPA for cards was a harmonised, competitive and innovative European card payments area.
Source Link Link to Main Source http://www.ecb.europa.eu/pub/pdf/other/cardpaymineu_renfoconsepaforcards201404en.pdf
Related Links
ECB: Press Release, 29.04.14: SEPA for cards continues efforts to create a truly European payments area http://www.ecb.europa.eu/press/pr/date/2014/html/pr140429.en.html
ESO: Key source: Payment services http://www.europeansources.info/record/website-payment-services/
ECB: Payments & Markets: SEPA https://www.ecb.europa.eu/paym/sepa/html/index.en.html
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