EAPS has announced that two of its participants operating under the EAPS brand, have opened ATM networks in Italy and Germany to domestic debit cardholders from each country.
Reportedly, Consorzio Bancomat and Zentraler Kreditausschuss will allow each other’s cardholders to withdraw cash from ATM networks in Italy (Bancomat) and Germany (girocard), respectively. Additionally, it plans to offer cross border POS acceptance between the two card schemes in the near future.
Ugo Bechis, chairman of the EAPS board and head of SEPA-Payments at UBI Banca, said: “The development between Consorzio Bancomat and Zentraler Kreditausschuss shows EAPS’ capacity to extend the use of domestically issued debit cards for transactions across Europe. EAPS is aligned to the expectations of the European Commission and the European Central Bank for a European card payment scheme to emerge within the Single Euro Payments Area (SEPA).”
EAPS is an alliance of European debit card schemes, which facilitates pan-European ATM and POS transactions.
