A European card payments scheme: Forever a phantom?

Ewald Judt and Malte Krueger
Additional contact information
Ewald Judt: Vienna University of Economics and Business, Austria

Journal of Payments Strategy & Systems, 2014, vol. 7, issue 4, 344-358

Abstract: For many years there have been requests for and debates about a European Card Payments Scheme (ECPS), with no implementation so far. This paper shows that a true ECPS will not occur within the scope of the current architecture of the card market, which is based on competition. The creation of a true ECPS can only be achieved by means of a cooperative solution similar to the European Payments Council. This, however, will require the consensus of the European players in the card business and the willingness to make the necessary capital investment, as well as the benevolent support of the European institutions that have demanded an ECPS. So far, however, European decision makers have only formulated a wish-list with somewhat inconsistent items and the top management of European banks has displayed a noticeable lack of interest in this topic. Therefore, the ECPS will probably remain a phantom.

Keywords: European Card Payments Scheme; SEPA; payment cards; internal market (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/4286/download/ (application/pdf)
https://hstalks.com/article/4286/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2014:v:7:i:4:p:344-358

Access Statistics for this article

More articles in Journal of Payments Strategy & Systems from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().