The Single Euro Payment Area: A New Opportunity for Consumer Alternative Dispute Resolution in the European Union
By , February 8, 2012
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Peretz addresses the Single Euro Payments Area (SEPA) in the European Union, which calls for the harmonization of debit and credit card networks in order to remove differentiation between national and cross border payment. In analyzing SEPA, Peretz proposes the implementation of the chargeback process to increase consumer leverage and incentivize business participation in ADR, which in turn provides cost-effective consumer redress in both national and international market purchases.
