The European Commission has published a report which states that EU rules on charges for cross-border euro payments should be modified to improve consumer protection and include direct debit payments. The report looks at how Regulation 2560/2001 on cross-border euro payments is applied in Member States and the practical problems that have arisen from its implementation. The report concludes that proposals should be made in order to address the problems that have been identified and to align the Regulation with the Payments Services Directive. The report notes that a proposal to amend the Regulation could be expected in Autumn 2008.
View EC press release on cross-border euro payments, 26 February 2008