Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-239-000"
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"en.20120214.15.2-239-000"2
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".
The creation of a Single Euro Payments Area (SEPA) will achieve real competition and eliminate the differences between systems used for cross-border and national payments. This will enable us to gain significant benefits for the European economy and offer consumers and businesses in Europe valuable, easy-to-use and reliable payment services in euros. I think that the proposal for a regulation is beneficial as it seeks to simplify legislation with regard to making direct debit and credit transfer transactions accessible using a single scheme. Simplifying the processing of payments will directly benefit stakeholders, including public administrations, businesses and consumers. As far as consumers are concerned, who are typically on the move more frequently, the amendments made to standardised cross-border payments will remove the need to maintain several payment accounts in different countries. This will automatically reduce the costs they incur and increase operational capability."@en1
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