The evolution of the Schemes
Driving forward innovation in payments the encourages all players acting in the payments market to actively contribute to the evolution of the Schemes. The change management process governing the development of the Credit Transfer Scheme () and the Direct Debit Schemes (SDD) is set out in the Scheme Management Internal Rules annexed to the and the SDD Rulebooks (a link to the Scheme Management Internal Rules is included below).
The change management process provides all stakeholders with a unique opportunity to shape the future of euro payments: banks offering services and their customers are called upon to take part in the public debate on the changes to be incorporated into the Scheme Rulebooks.
Evaluating suggestions for change: the principles
The suggestions for changes submitted by stakeholders and detailed in the Change Requests to be published for public consultation have been evaluated by the SPS WG in light of the following criteria defined in the Scheme Management Internal Rules:
- the proposed change presents a case for wide market-acceptance;
- the proposed change is underpinned by a cost-benefit analysis;
- the proposed change is aligned with the strategic objectives of the ; and
- the proposed change is feasible to implement.
The is mindful that the Schemes must meet the requirements of a broad range of stakeholders. Therefore, the Scheme rules must allow for the development of competitive and custom-tailored payment products. At the same time, a majority of users including consumers should not have to bear the complexities and costs associated with the addition of specific features if such features are required exclusively by a particular customer segment. The recommendations for the evolution of the Schemes therefore seek to balance requests to include several highly specific features into the standard Scheme on the one hand and the resulting impact on the stakeholder community as a whole on the other.
Public consultation of the Change Requests pertaining to the next release of the Scheme Rulebooks
The public consultation on the Change Requests outlining possible modifications to be introduced into the Scheme Rulebooks to be released in November 2010 is now ongoing. The Change Requests pertaining to the Credit Transfer Scheme Rulebook, the Core Direct Debit Scheme Rulebook and the Business to Business Direct Debit Scheme Rulebook detail suggestions for changes submitted by customer representatives, banking communities and by Working and Support Groups. The Change Requests also contain recommendations of the Payment Schemes Working Group (SPS WG) on the changes to be incorporated into the next release of the Scheme Rulebooks.
The deadline for submitting comments regarding the Change Request pertaining to the next release of the Credit Transfer Scheme Rulebook is 17 August 2010. The deadline for submitting comments regarding the Change Request pertaining to the next release of the Direct Debit Scheme Rulebooks is 19 August 2010.
The Change Request document pertaining to the Direct Debit Core Scheme Rulebook (EPC137-10; follow link to the SDD Change Request Consultation 2010 below) does not include input from the Bureau Européen des Unions de Consommateurs (BEUC); as it was planned that this should be handled in a separate Workshop with the BEUC. However, the BEUC indicated that in addition, they wish their views to be made publicly available for comments. In accepting this, the has published separate documentation featuring the input received from the BEUC. This documentation can be accessed following the link to the SDD Change Request Consultation 2010 included below. It should be noted that some of the suggestions by the BEUC have been brought forward from last year's consultation, and some of them are new.
Taking into account comments received during the 2010 public consultation, the SPS WG will complete a Change Proposal with regard to each of the Scheme Rulebooks together with updated versions of the Scheme Rulebooks for submission to the Plenary in September 2010. Subject to approval by the Plenary,
- the Credit Transfer Scheme Rulebook version 5.0;
- the Core Direct Debit Scheme Rulebook version 5.0;
- and the Business to Business Direct Debit Scheme Rulebook version 3.0
will be published in November 2010. The Scheme Rulebooks released in November 2010 will take effect in November 2011.
Javier Santamaría is the Chair of the Payment Schemes Working Group.
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