The Consumers’ Perspective on the SEPA Instant Credit Transfer Scheme:...

The Consumers’ Perspective on the SEPA Instant Credit Transfer Scheme: Read our Interview with George Wilson from ANEC

17 October 16

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In a few weeks, we will publish the finalised Instant Credit Transfer ( Inst) scheme, which will enter into effect in November 2017 and will be the first scheme in the world enabling interoperable instant credit transfers in a region as large as . While we are in the final phase of assessment of the comments we received during the public consultation, we would like to share with you the opinion of a representative of a European consumer organisation, George Wilson from ANEC.

ANEC is the European consumer voice in standardisation. Considering its twofold focus on consumers’ interests and standardisation, ANEC’s opinion is therefore essential for the . Individual consumers being one of the main potential end-users of the Inst scheme, we were eager to hear what ANEC thinks of it.

In this interview, George Wilson outlines his general opinion on the scheme, explains what benefits European consumers could enjoy from pan-European instant credit transfers, and imagines how the scheme could evolve in the future.

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