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| The SEPA Cards Framework was adopted by the EPC
on
21st September 2005. |
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A decisive new step in the construction of SEPA. The EPC (European
Payments Council) adopted the SEPA Cards Framework for the use of
bankcards in the European Union at its plenary session in Brussels
on 21st September 2005. European banks have agreed to guarantee interoperability
between national systems and to create a fraud database; they also
adopted the final specifications for transfers and direct debits (a
new payment method, operational in January 2008). Alongside work by
the EPC, the European Commission should present its proposal for the
New Legal Framework for payments in Europe at the end of 2005. |
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