The challenge therefore, is to understand the various issues and the subtle nuances of this ever evolving payments landscape and devise appropriate strategies – in short we should continue to stay ahead of the curve. Have we as an industry been able to achieve this? I have accordingly focused my thoughts on some issues in payment systems which I think need our collective attention.
Ministers will discuss this text on May 14th and there is a target to reach agreement by the end of the Irish Presidency. Linked to this is the need to get agreement on a common scheme of Deposit Guarantee Funds throughout Europe, also an objective of the Presidency.