Pan-European card scheme EUFISERV Payments is
embarking on a new chapter in its history, by announcing the
EUFISERV ATM scheme has been fully separated from its former
processing business in line with the SEPA requirements of the
European Central Bank and the European Commission. Both elements
are now fully SEPA-compliant.
 

Currently the EUFISERV ATM scheme provides
access to cash to over 67 million cardholders. EUFISERV-branded
cards are issued by over 600 participating European banks and are
accepted at 68,000 branded EUFISERV ATMs across Europe. The new
company’s shareholders are major European banks and bank-owned
organisations.

EUFISERV Payments was spun off from the
original EUFISERV Scheme into a separate entity at the end of 2007,
just before EUFISERV signed an agreement with global payment
processor First Data to develop services in order to meet SEPA
requirements and expand and develop the European interbank
processing network. First Data acquired a 50 percent stake in
EUFISERV’s interbank processing business, which has now been
renamed as Trionis.

The EUFISERV ATM scheme has also undergone
an extensive overhaul of governance arrangements and scheme rules.
In further anticipation of SEPA, the scheme is undertaking a number
of initiatives aimed at expanding the service it offers to its
members, as well as members of other schemes. Already scheme
members in Belgium, France, Spain and Portugal accept German debit
cards under a bilateral agreement with the German scheme, and other
members will follow suit later. Developments are under way to make
similar agreements with other schemes for mutual acceptance of each
other’s cards.

Wolfgang Adamiok, chairman of EUFI-SERV
Payments and head of card strategies at the German Savings Banks
Association, said: “We have worked hard to do what is required for
SEPA. This work assures continuity of service to our participating
banks and cardholders. EUFISERV Payments and its shareholders fully
support the SEPA project and are proud to announce their
contribution to its success. We trust other schemes will follow and
separate scheme management functions from processing; otherwise we
will not have a level playing field.”