The Bankwatch

Tracking the consumer evolution of financial services

German and French banks push ahead with new debit card scheme | Finextra

Not often we see a plausible alternative in the payments space from banks, but here is one in the works.

German and French banks push ahead with new debit card scheme | finextra

Bundesbank board member Hans Georg Fabritius told the conference that a Visa and MasterCard duopoly is “an unsatisfying vision” for political and economic reasons. However, he warned that while the French and German project, called Monnet, is “promising” it is only a concept and he would want other countries to join in.

Written by Colin Henderson

July 12, 2009 at 22:30

Posted in Debit cards, Payments

Tagged with ,

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