Central Banking

Tumpel-Gugerell on SEPA for cards

Once SEPA for credit transfers and direct debits are in place, the European Payments Council will devote its full energy on to a harmonised and integrated cards market, said Gertrude Tumpel-Gugerell, a member of the executive board of the European Central Bank.

Speaking at a conference on cards and payments, she said that the ECB is preparing a terms of reference for the SEPA-compliance of card schemes with the aim to clarify the SEPA requirements.

These terms of reference is being based on

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