European Commission

Stahl. “For this reason about the interoperability of the various online-banking-based payment systems is already since a long time part of the SEPA initiative of EPC 1”, so steel. Recently, the European Commission has brought the draft of a new regulation on the legislative path. This defines how to proceed with the launch of the SEPA direct debit and the SEPA credit transfer according to the will of the Commission. “It will not be too long until the end of the German direct debit.

Currently is expected that end of 2013 German debit and until end of 2012 the German transfer have served out and adjusted. Then only the SEPA scheme, most likely, possible “, it will be steel in its forecast in which he included also the experience with the legislative process. “Above all global players such as Amazon or Facebook extend currently the boundaries of E-Commerce”, said Dr. Stahl. “Combining technical services with payment services develop completely new approaches.

Just the banking world has to make up ground here.” Much of the discussion dealt with these new competitors on the payment market. Here about the question after the confidence, that basis would be any payment: “procedures such as, for example, PayPal have arisen out of necessity and become established providers within a short time. Is trusted as far as possible these – although there are occasionally critical voices. But the classic banks were simply too slow in the development of appropriate alternatives.” This new providers would have to meet Bank-specific requirements: “PayPal has an English a Luxembourg banking licence, many other market participants and are therefore also country specific regulators.” Finally, steel underscore that SEPA will sooner or later required for all forms of trafficking and to SEPA will result in no way past. Therefore, instead will have to stay flexible, because, so steel: “Nothing is more resistant than the change.