ECB Tumpel-Gugerell – SEPA cards initiatives need further enhancement

02 July 2008

Some features of the existing initiatives would need further enhancement, Mrs. Tumpel-Gugerell said, mentioning a clear commitment of EAPS for a future integration, and the involvement of more euro area countries in the Monnet project as examples.

Some features of the existing initiatives would need further enhancement, ECB Executive Board Member Gertrude Tumpel-Gugerell said, mentioning a clear commitment of EAPS for a future integration, and the involvement of more euro area countries in the Monnet project as examples.

 

EAPS follows an interlinking model of national card schemes and a number of countries and a large number of (savings) banks are participating. The Monnet initiative investigates the creation of a new scheme and is driven by German and French banks. Payfair is a private initiative.

 

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