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Payment Services

Even though France will be unveiling the EU's first payments via mobile SIM cards this year, so-called m-payments face an uncertain future as phone operators worry about their bottom lines and consumers wonder who will be tracking their payments.

According to Deutsche Bank, migration to online banking will hit 60% of the EU's population by 2020, prompting security experts to warn about data privacy issues in the face of rising organised crime on the Internet. EurActiv spoke to online security expert Samee Zafar.

Visa will likely be asked to lower the fees on its payment cards before Neelie Kroes ends her mandate as EU competition commissioner, sources close to the negotiations between the card company and the EU executive told EurActiv.

The potential benefits of the Single Euro Payments Area (SEPA) are in danger of being outweighed by the risks as consumer groups' warnings fall on deaf ears, according to a letter sent by European consumers' organisation BEUC to MEPs and diplomats yesterday (25 January).

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Interviews

Dag-Inge Flatraaker Payments expert, European Payments Council

Bankers: Hurdles remain for mobile payments launch

Samee Zafar Management Consultant, Edgar, Dunn & Company

Zafar: Banks need to outsmart criminals

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