In January 2012, the EU Commission started a consultation on the Green Paper – Towards an integrated European market for card, internet and mobile payments. The purpose is to collect information from all interested stakeholders on the existing situation of the card, internet and mobile payments market and the potential hurdles for integration at European level in these markets.
The consultation includes 32 questions to the stakeholders, which cover areas such as:
- regulation of the multilateral interchange fee for four party card schemes
- card scheme rules on cross-border acquiring, co-badging, surcharging and scheme-governance,
- standardisation, interoperability and security requirements for payments,
- governance of the SEPA-activities in Europa.
On May 4th, the Commission will hold a conference A conference “Towards an integrated European market for card, mobile and internet payments” was organised on 4 May 2012 in Brussels, to gather all interested stakeholders for a debate on the subjects raised in the Green Paper. It can be expected that the input gathered from this consultation may lead to a proposal for revision of the Payment Services Directive.