Governance

The Eurosystem supports clear and transparent governance structures on retail payments that involve all stakeholder groups: payment service providers, end users, and public authorities – and on some specific issues possible additional groups.

Why is the Eurosystem involved in retail payments?

One of the Eurosystem’s basic tasks is to promote the smooth operation of payment systems.

The legal basis for the Eurosystem’s competence in the area of payment systems is contained in the Treaty on the Functioning of the European Union. According to the Statute of the European System of Central Banks and of the European Central Bank, "the ECB and the national central banks may provide facilities, and the ECB may make regulations, to ensure efficient and sound clearing and payment systems within the Union and with other countries".

The Eurosystem uses its expertise as well as contacts with the private sector and other public authorities to improve overall market efficiency. The Eurosystem is keen to help the industry find safe and effective payment, clearing and settlement solutions for the euro area. An important example of the Eurosystem’s catalyst work is its contribution to the creation of the Single Euro Payments Area (SEPA).

The Eurosystem supports the development of retail payments by

providing guidance to market participants

Through speeches and publications the Eurosystem provides a continuous assessment of the progress made and draws attention to the issues that need further work. In addition, the Eurosystem offers guidance to the market whenever it is needed by clarifying specific issues.

ensuring that SEPA is in the interest of all stakeholders

The Eurosystem organises and participates in stakeholder events and fora, external events and bilateral meetings to make sure that the needs of all stakeholder groups – consumers, retailers, companies, payment service and infrastructure providers, etc. – are taken into account. The ultimate aim has been to ensure that the retail payment market evolves in the best interests of the euro area and the European Union.

contributing to the coordination of communication

The Eurosystem considers it important to keep all stakeholders informed in a timely, transparent and consistent manner. In order to reduce the risk of misunderstandings, the Eurosystem helps to coordinate communication at European and at national level.

encouraging the use of SEPA payments

The faster the new instruments and services are adopted, the earlier the benefits of SEPA can be reaped. Therefore, the Eurosystem seeks to foster the use of the SEPA payment instruments by encouraging their adoption by big senders and receivers of payments, such as corporations or the public sector. In addition, it encourages the market to develop and offer value-added services to fully exploit the benefits of SEPA and, as a consequence, make it more attractive to the users of payment services.

Governance at the national level

All euro area countries have set up specific national bodies to coordinate national SEPA migration. These bodies consist mainly of representatives from the national governments, national banking associations, end-user organisations and the national central banks. Their purpose is to ensure the implementation of SEPA by keeping all participants fully informed and preparing them for SEPA.

Some Communities in the European Union have set up, or are planning to set up, national structures with a wider mandate than managing issues that are solely related to SEPA migration. An overview of current national governance arrangements on SEPA and retail payments can be found in the list below. The information was provided by the national central banks and will be updated on a regular basis.

National governance of retails payments per country

Euro area countries

Austria

STUZZA – Studiengesellschaft für Zusammenarbeit im Zahlungsverkehr (Association for Cooperation in Payment Transfers) last update: 15 August 2016

Main functions:

  • form a strategic vision in the field of payments
  • define priorities and promote action and innovation
  • improve safety of payments


Contact: Frankgasse 10/8, 1090 Wien
+43 1 505 32 80-0
Fax: +43 1 505 32 80-77
office@stuzza.at
STUZZA

Belgium

Steering Committee on the future of means of payments last update: 05 August 2014

Main functions:

  • represent the interests of the organisation members
  • inform the public about current issues and projects regarding payments


Contact: Axelle Waterkeyn
+32 2 221 49 80
SEPA

Cyprus

National Payments Committee last update: 15 August 2016

Main functions:

  • form a strategic vision in the field of payments
  • define priorities and promote action and innovation
  • ensure the operational efficiency and effectiveness of payment services
  • foster healthy competition

Germany

Currently being setup

Greece

No established body

Estonia

Estonian Payment Forum last update: 15 August 2016

Main functions:

  • represent the interests of the organisation members
  • promote innovation and lead future developments of payment services
  • provide framework for industry collaboration


Contact: Estonian Banking Association
Ahtri 12, Tallinn 10151
+372 611 6567
Fax: +372 611 65
pangaliit@pangaliit.ee
Eesti Maksekeskkonna Foorum

Spain

National Payments Committee last update: 15 August 2016

Main functions:

  • represent the interests of the organisation members
  • provide framework for industry collaboration
  • inform the public about current issues and projects regarding payments


Contact:
SEPA: Un paso más en la integración europea
Payment systems

Finland

Payments Council last update: 15 August 2016

Main functions:

  • support the use of advanced, internationally compatible payment methods that are efficient for society as a whole, while promoting competition


Contact: Suomen Pankki
Snellmaninaukio
PO Box 160, 00101 Helsinki
+358 10 8311
Payments Council

France

Conseil national des paiements (ex Comité national SEPA) last update: 15 August 2016

Main functions:

  • develop best practice guidelines for its members
  • provide framework for industry collaboration
  • inform the public about current issues and projects regarding payments

Ireland

Irish Payment Services Organisation (IPSO) last update: 05 August 2014

Main functions:

  • improve safety of payments
  • ensure the operational efficiency and effectiveness of payment services
  • form a strategic vision in the field of payments


Contact: Irish Payment Services Organisation (IPSO)
Nassau House, Nassou Street
Dublin 2, D02Y240 Ireland
+353 1 671 53 11
info@bpfi.ie

Italy

Comitato Pagamenti Italia (CPI) (Italian Payments Committee) last update: 15 August 2016

Main functions:

  • form a strategic vision in the field of payments
  • develop best practice guidelines for its members
  • ensure the operational efficiency and effectiveness of payment services


Contact:
Comitato Pagamenti Italia

Lithuania

Currently being setup last update: 05 August 2014

Latvia

Payment Committee of the Association of Commercial Banks of Latvia last update: 15 August 2016

Main functions:

  • promote good governance principles for banks in line
  • enhance honest and fair bank-customer relationship
  • coordinate the preparation of joint bank projects


Conctact: Association of Latvian Commercial Banks
Doma Iaukums 8A, Riga, Latvia, LV-1050
+371 672 84 528
info@lka.org.lv

Committees of ALCB

Luxembourg

Payments Committee (previously known as the Payments, ICT & Standardisation Committee) last update: 05 August 2014

Main functions:

  • provide technical and strategic input for the benefit of its members
  • develop professional recommendations and guidelines for its members
  • provide information to the sector’s public


Contact: ABBL - Association des Banques et Banquiers, Luxembourg
PO Box 13, L-2010 Luxembourg
+352 46 36 601
Fax: +352 46 09 21
ABBL - Association des Banques et Banquiers, Luxembourg

Malta

Steering Committee for the National Strategy for Electronic Payments last update: 15 August 2016

Main functions:

  • develop a strategy on increasing electronic payments and reducing paper based payments
  • define priorities and promote action

The Netherlands

National Forum on the Payment System last update: 15 August 2016

Main functions:

  • promote social efficiency in national and European (SEPA) retail payment systems
  • stimulate reachability and accessibility of retail payment system (including financial inclusion)
  • promote cooperation in the payment chain (where necessary)


Contact: National Forum on the Payment System

Portugal

Fórum para os Sistemas de Pagamentos (Payment Systems Forum) last update: 15 August 2016

Main functions:

  • define priorities and promote action
  • provide framework for industry collaboration


Contact: SEPA - Payment systems forum

Slovenia

National Payments Council last update: 15 August 2016

Main functions:

  • form a strategic vision in the field of payments
  • improve safety of payments
  • inform the public about current issues and projects regarding payments


Contact: Secretariat NPC
Slovenska 35, 1505 Ljubljana, Slovenja
+386 1 471 95 74
Fax: +386 1 251 55 16
nsp-sekretariat@bsi.si
National Payments Council

Slovakia

No established body

EU Member States with currencies other than the euro

Bulgaria

National Payment Systems Council last update: 05 August 2014

Main functions:

  • define priorities and promote action and innovation
  • improve safety of payments
  • represent the interests of the organisation members


Contact:
SEPA / NASO
Развитие на националната платежна система

Czech Republic

No established body

Denmark

Betalingsrådet (Danish Payment Council) last update: 05 August 2014

Main functions:

  • promote the efficiency and safety of payments for all involved parties
  • provide better statistics for payments in Denmark


Contact: Danmarks Nationalbank
Havnegade 5, 1093 Copenhagen K
+45 33 63 63 63
kommunikation@nationalbanken.dk
Danish Payments Council

Croatia

National Payment System Committee (NPC) last update: 15 August 2016

Main functions:

  • define and propose the implementation of joint measures within the payment system
  • monitor the development
  • propose the implementation of new services and solutions in the payment system


Contact: Croatian National Bank
Trg hrvatskih velikana 3, 10002 Zagreb, Republic of Croatia
+385 1 45 64 55
National payment system committee

Hungary

Currently being setup last update: 05 August 2014

Poland

Rada ds. Systemu Platniczego (Payment System Council) last update: 15 August 2016

Main functions:

  • promote non-cash payments
  • promote innovation and lead future developments of payment services
  • represent the interests of the organisation members


Contact: Narodowy Bank Polski
Świętokrzyska 11/21, 00-919 Warszawa, Poland
+48 22 185 10 00
Fax: +48 22 185 85 18
listy@npb.pl
Rada ds. Systemu Płatniczego (in Polish only)

Romania

National SEPA Committee last update: 15 August 2016

Main functions:

  • contribute to the co-ordination of communication efforts at national level
  • form a strategic vision in the field of payments


Contact: NBR Headquarters
25 Lipscani Street, Bucharest 3, 030031 Romania
+4 21 313 04 10
+4 21 315 27 50
Single Euro Payments Area (SEPA)

Sweden

The Swedish retail payments council last update: 15 August 2016

Main functions:

  • contribute to the economically-efficient production and consumption of safe, efficient, accessible and appropriate payment services
  • foster healthy competition


Contact: Sveriges Riksbank
SE-103 37 Stockholm
+46 8 787 00 00
Fax: +46 8 21 05 31
registratorn@riksbank.se
Retail payments council

United Kingdom

Payments Council last update: 05 August 2014

Main functions:

  • have a strategic vision for payments and lead the future development of co-operative payment services in the UK
  • ensure payment systems are open, accountable and transparent
  • ensure the operational efficiency, effectiveness and integrity of payment services in the UK


Contact: +44 20 3217 8200
Fax: +46 8 21 05 31
questions@paymenstuk.org.uk
Payments UK