Regulation -

EPC warns Brussels to stay out of payments initiatives

The European Payments Council has warned the European Commission not to abuse its executive powers and take on a standards-setting role in the push to create a Single Euro Payments Area (SEPA), arguing that banks must retain their primacy in the development of payment systems. In its Annual Activity Report 2010, the bank-backed EPC delivers [...]

The post EPC warns Brussels to stay out of payments initiatives appeared first on Payments Cards & Mobile.