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EC to probe barriers to payments integration

06 January 2012  |  8913 views  |  4 EU building, Brussels

The European Commission will next week present a paper outlining obstacles hindering further integration in the European market for card, Internet and mobile payments and how these could be resolved.

The launch of the paper will kick-start a four-month long consultation process "to help identify the right way to improve market integration and ensure effective competition in mobile and electronic payment technologies".

The main issues identified in the paper and on which the Commission is seeking views are:
• Market access and entry for existing and new service providers
• Payment security and data protection
• Transparent and efficient pricing of payment services
• Technical standardisation
• Inter-operability between service providers.

The deadline for submitting contributions to the consultation will be 11 April 2012.

Comments: (4)

A Finextra member
A Finextra member | 10 January, 2012, 16:45

Does anyone know where the paper will be posted?

Thanks in advance!

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Matt White
Matt White - Finextra - Toronto | 10 January, 2012, 17:01

There will be a press conference tomorrow and the paper should then be posted on the EU Web site. We'll keep an eye out for it and post a link.

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Elizabeth Lumley
Elizabeth Lumley - Rainmaking Innovation - London | 10 January, 2012, 17:04

This is the event URL, if this helps: http://europa.eu/eucalendar/event/id/295083-breaking-down-barriers-to-secure-and-innovative-card-internet-and-mobile-payments/mode/standalone

 

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A Finextra member
A Finextra member | 11 January, 2012, 08:38

Many thanks for the update! Will keep an eye on it...

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