Principles of EAPS

• Participation in EAPS is open to schemes, banks and payment institutions committed to the principles of the SEPA Cards Framework.

• EAPS is governed by schemes and banks in Europe and is totally committed to serving the European card payments market.

• EAPS retains the association model for European payment schemes and operates on a not-for-profit basis.

• Schemes can participate in EAPS as issuers only - acquirers only - POS only - ATM only - or any combination thereof.

• Participation in EAPS is indicated by the Alliance acceptance mark displayed on participating terminals and optionally on participating cards.

• The EAPS does not place any restriction on co-branding with other schemes.

• Inter-scheme fees for POS and ATM transactions are agreed bilaterally between EAPS participants.

• EAPS supports open industry technology standards.

• EAPS does not provide any processing services.