24/07/2013 um 11:15
Wo: Brussels, Belgium
Veranstalter: Europäische Kommission
On 24 July, the European Commission will propose a revision of the Payment Services Directive. It will also present a paper on improving the governance of the Single Euro Payments Area (SEPA). Finally, it will present a Regulation on so-called interchange fees, the fees banks pay to each other in the framework of payment card schemes.
The proposed revision of the Payment Services Directive includes measures to:
- improve the level playing field for payment service providers (including new players);
- facilitate the emergence of common technical standards and interoperability;
- ensure a high level of consumer protection and of payments security and a robust governance model for retail payments in Europe.
The interchange fee Regulation is aimed at
- facilitating the internal market for card, internet and mobile payments
- and improving information on the fees charged in relation to such payments for the benefit of consumers and companies.
The review of the EU payments framework, especially the Payment Services Directive (PSD), and the responses to the Commission's Green Paper ‘Towards an integrated European market for card, internet and mobile payments’ in 2012 (see IP/12/11), led to the conclusion that further measures and regulatory updates, including adjustments to the PSD, are required. This would help the payments framework to better serve the needs of an effective European payments market, fully contributing to a payments environment which nurtures competition, innovation and security. Modernisation of the legislative framework for retail payments was also defined as one of the key actions of the Commission Single Market Act II.
The SEPA paper is a response to the invitation addressed by the Council and the European Parliament at the time of the adoption of the 2012 SEPA end-date Regulation to review SEPA Governance.
11:15 Press conference by Vice-President Joaquín Almunia and Commissioner Michel Barnier preceded by a technical briefing at 10:45.