E-money directive
EU Commission's proposal on the revision of the directive (13 October 2008)
This Commission proposal focuses on modernising the provisions of the Electronic Money Directive, with special reference to the prudential regime of electronic money institutions, ensuring consistency with that of payment institutions under the Payment Services Directive.
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Cross-border payments
EU Commission's proposal on the revision of the regulation (13 October 2008)
The present proposal for a Regulation replacing Regulation (EC) No 2560/2001 on cross-border payments in order to adapt it to market developments (emergence of the Single Euro Payments Area), to enhance the protection of consumer rights and to provide an adequate legal framework for the development of a modern and efficient payment system within the EU.
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Retail payment systems
ABI is focused on retail payment system market trends working to promote the relationship between Banking Industry and Retail customer analysing customers requirements and developing initiatives to define new business model and legal environment.
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Bancomat consortium
Bancomat Consortium governs the Italian debit card scheme in order to enhance the development of Bancomat/PagoBancomat payment cards within the Italian territory.
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Sepa
A European initiative
The Single Euro Payments Area (SEPA) is an initiative of the European banking industry that will make all electronic payments across the euro area – e.g. by credit card, debit card, bank transfer or direct debit – as easy as domestic payments within one country are now.
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Interchange fees
The European Commission first looked at whether Visa’s operating rules for cross border transactions violated the EU’s competition rules. Then, in September 2003, EC initiated legal proceedings against MasterCard’s multilateral interchange fee for cross-border transactions on the belief that the system is anti-competitive.
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