SEPA - From Concept to Reality
The European Central Bank has published the fifth in a series of progress reports on the Single Euro Payments Area (SEPA) (PDF). In particular, the bank has called on the banking industry to set up a rival debit card scheme to challenge the dominance of Maestro in the EU - saying "such a scheme would stimulate competition and would ensure the close involvement of European banks in the governance of the scheme. ... Any additional European debit card scheme should operate under EU law and should, accordingly, process personal data in line with EU data protection laws."
Add your comment... (note that all comments are reviewed before they're published)