Last year, Ms Tumpel-Gugerell discussed three elements that are required for a move towards a competitive European payment card market:   first, the development of an additional European card scheme;    second, the separation of card schemes from processing entities; and    third, card standardisation.
BIS central bankers’ speeches  1  Progress in the development of an additional card scheme has been considerably slower than hoped for. The slow progress in this area gives further weight and importance to card standardisation, which should ensure interoperability and the harmonised use of cards across Europe.