The European Payments Council ( ) has frequently pointed out that Single Euro Payments Area ( ) compliance requirements that must be met by payment service users and providers are determined by the European Union ( ) institutions. These are the European Commission, the European Parliament, the Council of the representing governments and the European Central Bank (ECB).
The European Commission and the ECB, respectively, have established several dedicated bodies to facilitate the dialogue on the process with market participants representing various stakeholder groups. The dialogue taking place within these bodies also addresses – and, consequently, impacts – the evolution of the Credit Transfer ( ) and Direct Debit ( ) Schemes managed by the .
The Blog published on 28 August 2014 (see ‘related links’ below) offers a brief recap of the roles performed by various actors at the European level with regard to the payment schemes. It also describes work items initiated by the newly established Euro Retail Payments Board ( ), chaired by the ECB, related to and .
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