Euro Alliance of Payment Schemes

The Euro Alliance of Payment Schemes (EAPS) was an international alliance of European bank and interbank networks that had aimed to creating a pan-European debit card system in the Single Euro Payments Area to rival the US-based Visa and Mastercard using existing country specific systems. It was launched in 2007 with the support of the European Union but failed and was abandoned sometime after 2013.

Source: Wikipedia — Euro Alliance of Payment Schemes (CC BY-SA 4.0)