It is hoped that the merging of credit information from these various players will provide for a stronger credit market that will improve the pool of credible borrowers, decrease defaults, reduce credit costs and ultimately result in a stable financial sector.
Besides, the initiative of the European Commission and the European Central Bank to develop a new European payment card system within the implementation of the SEPA agreement (if you’ll permit me to boast a bit, following in the footsteps of our “Dina Card”) and to do so now when VISA and Master Card have already established strong positions for themselves, shows how important payment cards have become for the stability of payments systems, not only from the financial, but also from the social point of view.