Share these talks and lectures with your colleagues
Invite colleaguesPractice paper
Standardisation: A conditio sine qua non for efficient payment services
Journal of Payments Strategy & Systems,
8
(1),
23-29
(2014)
Abstract
Standardisation is an essential condition for delivering cost-effective, secure and easy to use payment services to customers. The cost of retail payments instruments in Europe are about 1 per cent of GDP. The globalisation of trade and the development of e-commerce require that national approaches to legal and technical standards should no longer be supported by policy makers and market participants (suppliers and buyers).
Keywords: retail payments; legal standards; technical standards; ISO 20022; ISO TC 68; EMV; SEPA; Rulebook
The full article is available to subscribers to the journal.
Author's Biography
Gerard Hartsink has been appointed by the Financial Stability Board in June 2014 as the first chairman of the GLEIF Board of Directors. He serves as member of the World Trade Board that has as objective to enable global trade with support of digital technologies. He is active in organisations promoting e-commerce (member of the Digital Economy Commission of the International Chamber of Commerce [ICC]) and e-governance (member of the Forum Standaardisatie of the Dutch government) and is Head of the Dutch delegation of ISO TC 307 Blockchain and DLT. He has broad experience in the payments, securities and forex industry. He has served as Chairman of CLS Bank International, the European Payments Council and the RMG of ISO 20022 and as Board member of SWIFT, LCH.Clearnet Group, Euroclear Netherlands and the Euro Banking Association (EBA). As former Senior Executive Vice President of ABN AMRO, he has over 30 years’ experience in sales, product development, regulatory affairs, information management and operations.
