Ecommerce Europe has been invited to attend the European Commission (EC) and European Central Bank (ECB) stakeholder meeting on internet e-payments at the ECB in Frankfurt, Germany, on November 8. As chair of the e-payments committee, Paul Alfing will represent Ecommerce Europe. Alfing: “this meeting is an opportunity to stress our vision towards a more effective and efficient e-payment landscape in Europe that is beneficial for both web merchants and consumers”.
Building on the important milestone of pan-European credit transfers and direct debits, both the EC and ECB see significant benefits in further market integration for card, internet and mobile payments. A crucial element of the integration process is to make sure that the various service providers operate under the same conditions to the benefit of end users and – provided payments security is guaranteed – that there should not be any unjustified obstacle to market entry by new players. Notwithstanding the review of SEPA governance, due by the end of this year, and the revision of the Payment Services Directive during the first half of 2013, the EC and ECB see value in an open discussion during the current transition period to help pave the way forward.
The purpose of the meeting is to clarify the expectations of the different market actors and to develop concrete suggestions regarding the conditions under which an integrated, competitive and secure online payments environment could be achieved and which issues would have to be solved by whom. Ecommerce Europe will bring forward, among others, its key message to the financial industry to intensify innovation in the field of ‘consumers-not-present’ solutions for e-commerce transactions.