European Payments Regulation Reform: Reinventing Banking
Report Summary
European Payments Regulation Reform: Reinventing Banking
The authorities want new European payment schemes—can they get them via regulation?
London, 13 November 2014 – Through the Single Euro Payments Area, the European Union has long aimed to establish a single European payments market. Now, a legislative review and payments regulation reform will push a final transformation of European payments markets—cards will be particularly affected, but banks, processors, merchants, and consumers will all feel the implications. In the end, the changes will demand innovation and reinvent banking. Is your bank prepared to adapt?
Based on Aite Group interviews with executives at 11 leading payments industry organizations, this piece outlines the aims of the new and revised regulations governing cards and retail payments, details the content of changed regulations, and discusses the impacts on payments businesses operating throughout Europe.
This 46-page Impact Report contains seven figures and five tables. Clients of Aite Group's Retail Banking & Payments service can download this report.