There are important reasons for adjusting the prices of cross-border transfers very rapidly to those of the efficient domestic procedures. What is required in this connection is to work towards further improvements on the technical side. Standardisation The major importance of standardisation in Europe has therefore, in my view, been rightly highlighted in the report published by the ECB in September of this year.
A Europe-wide linking of the national payment systems has not yet been reached. So far, national standards are only compatible for the provision of cash through automatic teller machines using the ec-card, but not for credit transfers.