The Commission has announced that it has opened formal proceedings to investigate whether the standardisation process for payments over the internet (e-payments) undertaken by the European Payments Council infringes the prohibition against anti-competitive agreements under Article 101 TFEU. The European Payments Council is the decision-making body for, and co-ordinates, the European banking industry for payments.  

Whilst the Commission has stated that the standardisation process is important in terms of promoting economic integration, which can result in greater efficiencies and better prices for the customer, the Commission has indicated that, following receipt of a complaint, it intends to investigate in detail whether the e-payments standardisation process unduly restricts competition, for example through excluding new entrants and payment providers who are not linked to a bank.