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Bruxelles 14.03.2005jean allix1 Using the euro abroad : cross- border issues Jean Allix DG Internal Market and Services. European Commission.

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Presentation on theme: "Bruxelles 14.03.2005jean allix1 Using the euro abroad : cross- border issues Jean Allix DG Internal Market and Services. European Commission."— Presentation transcript:

1 Bruxelles jean allix1 Using the euro abroad : cross- border issues Jean Allix DG Internal Market and Services. European Commission

2 Bruxelles jean allix2 01/01/2002 : Birth

3 Bruxelles jean allix % N 29.4%

4 Bruxelles jean allix4

5 Bruxelles jean allix5 Institution originator Beneficiary Institution Border Credit transfer card cheque Direct debit

6 Bruxelles jean allix6

7 Bruxelles jean allix7

8 Bruxelles jean allix8

9 Bruxelles jean allix9 Fees for 100

10 Bruxelles jean allix10 Genova Palermo Nizza Domestic ?

11 Bruxelles jean allix11 border

12 Bruxelles jean allix12 After the single market After the single currency

13 Bruxelles jean allix13 19/ for, 1 against Regulation 2560/2001 JOCE L /12/2001 Regulation 2560/2001 JOCE L /12/2001

14 Bruxelles jean allix14 Article 1 Subject matter and scope This Regulation lays down rules on cross-border payments in euro in order to ensure that charges for those payments are the same as those for payments in euro within a Member State.

15 Bruxelles jean allix15 Cross-border or national article 3 Payment by card 01/O7/2002 Credit transfer 01/07/2003 Withdrawal in ATM 01/07/2OO2

16 Bruxelles jean allix16 Card :networks Acquirer Cardholders Merchant shop Issuer Visa Mastercard Sinsys

17 Bruxelles jean allix17

18 Bruxelles jean allix18 Credit transfer Bank 1 Bank 2 MT 103+ IBAN+BIC IPI IBAN IBAN+BIC IPI ?

19 Bruxelles jean allix19

20 Bruxelles jean allix20 Payment service provider Payer Payee Payment service provider Border contract ? (mandate) Contract? (mandate) DIRECT DEBIT Payment order Initiated by the payee

21 Bruxelles jean allix21

22 Bruxelles jean allix22

23 Bruxelles jean allix23 COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND THE EUROPEAN PARLIAMENT concerning a New legal Framework for Payments in the Internal Market COM(2003) 718 December k/communication_en.htm

24 Bruxelles jean allix24 Why a New Legal Framework ? internal Market for payments : harmonisation efficient and secure payment means and systems (new technologies) consumer confidence in all means of payment fair competition and level-playing field the efforts of the industry: SEPA (EPC works) Competition between payment instruments

25 Bruxelles jean allix25 Transparenc y Consumer protection Securit y Competitio n and level- playing field Internal Market: No- discrimin ation Efficienc y Fight against terrorism OUR/ BEN/ SHARE (14) Executio n time (15) Information requirements (2) Value dates (4) Legal certainty Refund in case of non- delivery (11) ADR (9)Unauthorised transactions (13) Non/defec tive execution (12) Portabilit y (5) Customer mobility (6) Right to provide payment services (1) Revocabil ity (10) Direct debiting (16) FATF SR VII (8) Data protection (18) Evaluation of security of payment instruments (7) Digital signature (19) Security of networks (20) Breakdow n of payment network (21) Non- resident accounts (3) Cash circulation (17)

26 Bruxelles jean allix26 Mobile payments

27 Bruxelles jean allix27 Payment Service Provider Payer Payee Payment Service Provider ACH Payer Psp Payee Psp Relationships Self regulation

28 Bruxelles jean allix28 questions /payment/index.htm


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