SEPA Cards Framework v 2.1 21.12.09
The SEPA Cards Framework (SCF) outlines high level principles and rules that when implemented by the card industry, will deliver a consistent user experience to both cardholders and merchants when making or accepting euro payments or cash withdrawals. The SCF recognises the EMV standard for SEPA-wide acceptance of card payments. EMV is an industry standard to implement chip and personal identification number (PIN) security for card transactions to combat fraud. An important indicator on the progress in this area is the number of cards, points of sale (POS) and automated teller machines (ATMs) in the market that use chip and PIN for the authorisation of a card payment. Migration to EMV in Europe is essentially complete: at the end of 2011 (estimates), 87.2 percent of cards, 94.2 percent of POS and 96.7 percent of ATMs in SEPA were EMV-compliant (latest estimates available).