Thursday, February 26, 2004

Social Platform on Payment Systems

The Dutch central bank has made the progress report of the Social Platform on Payment Systems available on its website. The report outlines the following plans:

- solve the availability issues of bank branches in a pragmatic way,

- create a good working group to discuss introduction of EMV,

- further work on fraud issues for false euro-notes,

- steer towards more efficiƫnt payment instruments on the basis of the outcome of cost-research (to be published in March 2004),

- introduction of the rounding rule (round towards 5 eurocents) provided that enough players agree.