Extracts from the press conference by Michel Barnier on the Green Paper seeking the views of stakeholders on the obstacles hindering further integration in the European market for card, internet and mobile payments and how these could be resolved
Type: Summary of press conference
End production: 11/01/2012 First transmission: 11/01/2012
On 11 January 2012, Michel Barnier, Member of the EC in charge of Internal Market and Services, gave a press conference to present the Green Paper seeking the views of stakeholders on the obstacles hindering further integration in the European market for card, internet and mobile payments and how these could be resolved. The deadline for submitting contributions to the consultation is 11 April 2012.
The electronic payments are essential for every consumer, either when buying something at the points-of-sale or while shopping on the internet. Throughout the EU, more than 700 million payment cards are in use, e-commerce is offering tremendous opportunities and the number of smart phones is increasing at a dramatic rate.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Michel Barnier, Member of the EC in charge of Internal Market and Services
||Soundbite (in FRENCH) by Michel Barnier saying that so, their first priority is to deliver what they said and make sure that this text can be implemented. Now, second priority for him is consumers. In spring, He will be presenting a package of new proposals for banking services and particularly for insurance.
||Cutaway of the audience
||Soundbite (in FRENCH) by Michel Barnier saying that and then, in line with what he has said a few months ago, by the end of January, he will be putting into place, in accordance with President Barroso, a very high level group on prevention and separation of risks in banking institutions.
||Cutaway of a woman typing on a laptop
||Soundibte (in FRENCH) by Michel Barnier saying that firstly, strengthening trust in mobile payments on payements by cards and internet thanks to improved payment security and greater data protection. Secondly, transparency of costs and cost effectiveness of payments services which are provided to consumers. Consumers often rightly see the amount which they pay as excessive and not transparent.
||Cutaway of photographer
||General view of the meeting room