The Importance of Being Earnest...about Payments

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1 June 2011


  • Interesting post Gareth. Your question: "Where does collaboration end and competition start?" is a very relevant one for Europe as it’s at the heart of SEPA. The banks, through the EPC, were very clear that the inter-bank space, their 'village', was to be collaborative, but competition had to rule the bank-to-customer interaction.
    Needs were not necessarily balanced here, as this stance contributed greatly to the slow take-up of SEPA to date. And now the banks' position is largely being determined by regulation.
    Yet another example of a remote village being changed by external forces.