This audio (5 minutes) (see 'related links' below) made available by the European Payments Council () highlights the latest developments in the Single Euro Payments Area () covered in the January 2013 edition of the free online Newsletter (see 'related links' below). The January 2013 edition reflects on upcoming European Union (EU) regulatory action impacting the euro payments market and its potential effects on the innovation in payments debate. We update on work progressed by the Cards Stakeholders Group. We introduce a clarification paper published by the , which addresses operational aspects related to the Credit Transfer and Direct Debit Schemes relevant to payment service providers. This edition also offers more information helping payment service users to achieve compliance in the euro area by 1 February 2014 , as effectively mandated by EU law.
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