Central Banking

Eurosystem compiles cards ‘Doomsday’ book

The eurosystem will publish an oversight report of major card schemes in the euro area in 2010

The assessment began in 2008 and will have covered 25 card schemes by the end of the year, Alexandre Stervinou of the Banque de France told a conference organised by Vendorcom, an industry body in London on Tuesday. At least one national scheme, as well as the major international schemes, such as Visa, Maestro, Amex and Diners, will be assessed. The report will assess schemes against a series of

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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