German Central Bank publishes article on the SEPA Card Clearing Framework

In the Spring Edition of the Journal of Payments Strategy & Systems, the German Central Bank (Bundesbank) recently published an article on the SEPA Card Clearing (SCC) Framework. The authors, responsible for policy issues relating to retail payment systems, argue why the SCC Framework allows European merchants to accept a variety of SEPA-compliant card brands and products, and choose from a variety of acquirers without being artificially constrained by legal, technical or procedural aspects associated with the respective card schemes. As such, the SCC Framework allows a clear 'unbundling' of card schemes and processing in the Acquirer-to-Issuer domain, supporting open and fair competition wi

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