On 24 April 2007, the European Parliament adopted amendments to the Directive on Payment Services to be forwarded to the Council for final adoption. The Directive on Payment Services is expected to provide a uniform payment system and a set of standard rules for payment providers within 27 different Member States. The new system will ensure that payments, such as credit transfers, direct debits and card payments become as easy, efficient and secure as they are within the national systems of Member States.
In addition, it will allow all citizens and businesses to make payments throughout the whole EU electronically. Currently, the Payment Services Directive is applicable to the payers and payment services located in the EU and where the transactions are executed in EUR, but after the period of three years it is foreseen that the payer or the recipient will be able to transact the payment while being outside the EU and in other currencies than EUR.
More information on the uniform payment system is available at: