commiss recommend decemb european code conduct relat electron payment relat financi institut trader servic establish consum eec commiss european commun regard treati establish european econom commun indent articl thereof white paper complet intern market commiss undertook formul propos view adapt innov law relat mean payment dimens market januari commiss council commun europ plai ac payment card close link technolog develop unif intern market electron payment contribut rapid modern bank servic distribut telecommun inform industri consum entitl definit advantag develop commun action add benefit larg market develop mean payment context commun financi monetari integr extens peopl europ free movement good capit fulli effect enjoi technolog support provid mean payment mean made econom partner compar circumst member state commiss awar develop payment card payment card incorpor magnet strip microcircuit vari import depend member state concern altern form payment exist cooper order arriv standard implement rule make interest user commun payment system compat complementari gener principl establish fair practic relat financi institut bank credit institut trader servic establish card hold consum establish principl favour rapid effect applic technolog heterogen uncoordin develop technolog diminish opportun technolog afford achiev desir object compat electron payment system commun compat card interconnect commun network essenti prerequisit mutual access system harmon rule bank financi institut concern decid make system compat commiss respons progress direct conflict free competit commun market clear commun level produc rigid detail definit oper system midst chang result establish rule rapidli overtaken develop constitut obstacl electron develop prejudic benefit lai basic principl consum protect area commiss present stage sphere place accord treati rule seek commun interest establish promot consensu develop system fact technolog develop larg scale member state make imposs determin accuraci specif problem aris network complet arrang mean payment final reason instig approach code conduct flexibl make easier adapt technolog recommend econom partner concern compli provis european code conduct relat electron payment set final european code conduct relat electron payment object code set condit fulfil electron mean payment develop benefit econom partner afford consum secur conveni trader issuer greater secur product industri commun lead market principl fair practic observ bring card payment system oper make technolog develop electron mean payment ey european dimens mean wide interoper avoid isol system partit market ii definit purpos code electron payment mean payment transact carri mean card incorpor magnet strip microcircuit electron payment termin ept point sale po termin code cover compani specif card cover definit card serv purpos direct defer payment payment chequ bank card guarante payment card mechan process invoic slip issuer mean bank credit institut issu payment card electron product servic undertak issu card trader mean distribut trade servic establish consum mean cardhold interoper mean state affair card issu member state belong card system member state network instal system requir card reader system technolog compat system open mean reciproc agreement iii gener principl contract contract conclud issuer agent trader consum write result prior applic set detail gener specif condit agreement drawn offici languag member state contract conclud scale charg determin transpar manner take account actual cost risk involv restrict competit condit provid conform law freeli negoti stipul contract condit specif termin contract state brought notic parti prior contract conclud interoper date interoper comun rate full complet trader consum join network contract issuer choic termin process card equip electron payment termin requir regist control transmit payment integr point sale termin trader instal singl multi card termin trader free choos point sale termin instal liberti rent purchas equip provid certifi satisfi requir payment system interoper basi data protect secur electron payment irrevers order mean payment card irrevoc countermand inform transmit time payment trader bank subsequ issuer circumst prejudic protect privaci strictli limit laid chequ transfer problem whatsoev aris connect protect inform secur openli acknowledg clear stage contract parti contract restrict trader freedom oper freedom compet fair access system irrespect econom size servic establish concern allow fair access system electron payment trader refus access legitim reason unwarr differ remuner servic transact member state remuner servic transnat transact commun countri border region iv supplementari provis relat issuer trader promot mutual access card system contract card issuer trader exclus trade claus requir trader oper system contract agreement contract trader admit effect competit issuer compulsori provis limit strictli technic requir ensur system function properli relat issuer consum cardhold reason precaut ensur safeti card issu observ special condit loss theft contract sign relat trader consum trader displai fulli visibl manner sign compani affili oblig accept card brussel decemb commiss cockfield vice presid decemb date intern market complet