Report to the EMI Council on Prepaid Cards

Citation
Working Group on EU Payment Systems, Report to the EMI Council on Prepaid Cards (May 1994) (full-text).

Overview
This report aims at improving central banks' understanding of the functioning of the multipurpose prepaid card (or "electronic purse") and at assessing the consequences that its widespread use may have for their activities and their statutory duties. The report is a way of informing interested parties of EU central banks policy conclusions and as a contribution to private sector discussions of this new payment instrument.