The agreement of two or more card issuers on various business areas, especially those involving mutual recognition. – In relation to Europe, the proposal to reconcile the fragmented card landscape in order to provide an equivalent card to the two leading international U.S. issuers (Visa and MasterCard). – See cobranded card, interchange fee, EMV guideline, customer card, Payez Mobile, Pay Green initiative, SEPARat, Single European Payment Area, framework for the European card business. – Cf. Deutsche Bundesbank Monthly Report of December 2006, p. 93 et seq. (current status of chip cards; future development; important overviews), ECB Annual Report 2007, p. 172 (oversight framework for card payment schemes), ECB Monthly Report of January 2012, p. 81 et seq. (path to a single card payment facility in Europe; detailed presentation of the current status; many overviews and schemes).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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