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The SCF identifies four different domains for interoperability: Cardholder-to-terminal interface; Cards-to-terminal (EMV); Terminal-to-acquirer interface (protocols or minimum requirements); Acquirer-to-issuer interface, including network protocols (authorization and clearing). Working groups in these areas include: CIR, part of the Berlin Group, already an established EMV working group, is the key player in the card to terminal interface; Two [...]

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Atos Worldline (including former Banksys), BP, CETREL, Equens (former Interpay Nederland), Galitt, Groupement des Cartes Bancaires “CB” (co-ordinator), Integri, Ingenico (including former MoneyLine), Lyra Network, PAN Nordic Card Association, PayLife (former Austria Zahlungsverkehrsysteme), Retail Services Company, Royal Bank of Scotland, SERMEPA, SIBS, Thales e-Transactions, Total, Wincor Nixdorf, Zentraler Kreditausschuss (with the support of Security Research [...]

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More than just a way of introducing new payments players to the European market, the PSD lays onerous compliance requirements on banks, which may not just add costs but also damage revenues. The Payment Services Directive, adopted by the European Parliament in April 2007, introduces a new category of payment service provider – the payment [...]

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Several areas of the PSD affect organisations registered under the e-Money Directive as issuers of electronic cash. Nick Drew, executive director at ClickandBuy outlined them at the European Card Acquiring Forum, which took place in Brussels in early June. For example Title III article 34 permits derogations to information requirements for low value payment instruments [...]

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The SEPA for Cards project appears to have stalled and there is increasing evidence of growing disillusionment with the SEPA Cards Framework. What actions must the key stakeholders take to reinvigorate an initiative that has lost its sense of direction?Governments and central banks are likely to be in reflective mood as they review the difficult [...]

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