Cross-Border Service Payments Under EU Fair Competition and Sepa Rules

"Technical barriers and the lack of security standards impede the integration of payment systems. These barriers need to be removed and thereby more transparency, competition and innovation be brought to the European payment market. The Competition Commissioner seems rightfully concerned about how best to achieve interoperability and foster competition by making the European payment market more open and accessible. This article explains why the above worries are legitimate, but also underlines from the outset one of the criticisms of this direction."