Payment services

Economy & Jobs 26-02-2018

Commission holds its fire against Bitcoin and Co.

The European Commission is still hesitant to regulate cryptocurrencies, despite a warning issued by European regulators and bans imposed in other regions following the rising market volatility of digital currencies.
Economy & Jobs 15-12-2017

EU agrees clampdown on bitcoin platforms to tackle money laundering

European Union states and legislators agreed on Friday (15 December) on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement.
Euro & Finance 10-01-2017

ECB to enable mobile payments using phone numbers by 2018

ECB plans to link mobile phone numbers to their owners' bank accounts will facilitate bank transfers and consolidate the eurozone payments market. EURACTIV's partner La Tribune reports.
Digital 18-11-2016

Romania and EU agencies smash cybercrime gang

Romanian police have smashed, with the help of European law enforcement agencies, a computer fraud gang accused of stealing millions of euros from unsuspecting victims, officials said Thursday (17 November).
Brexit 03-11-2016

UK fintech finds EU barriers emerging after Brexit vote

Fallout from the vote to leave the European Union is already threatening the growth of financial technology firms in Britain, industry officials said on Wednesday (2 November).
Digital 19-09-2016

Commission champions ‘laissez-faire’ in first response to FinTech revolution

The digital revolution in the financial sector will get a helping hand from EU regulators later this year when the European Commission tables new proposals for retail financing, with a clear objective: let the revolution flourish.
Euro & Finance 06-07-2016

New €50 note will not end forgeries, says German police chief

The chairman of the German police union, Rainer Wendt, has warned that the new €50 note will not be completely safe from forgers. EURACTIV Germany reports.
Euro & Finance 08-06-2016

National Front calls for ban on Bitcoin

The National Front wants to preserve cash and ban Bitcoin, which it sees as an unsafe form of payment. The EU has yet to legislate on the subject. EURACTIV France reports.
Brexit 28-04-2016

Brexit a threat to London’s FinTech dominance, industry says

82% of British financial technology companies want the United Kingdom to stay in the European Union, according to recent a poll by the industry association. EURACTIV’s partner La Tribune reports.
Brexit 11-04-2016

Brexit could boost UK financial technology firms – but only in short-term

Britain leaving the European Union could give fledgling financial technology companies an immediate shot in the arm but deprive them of expansion later on, industry officials said on Monday (11 April).
Italian MEP Antonio Tajani (EPP), rapporteur on the online payment services legislation, during the plenary debate on 7 October
Digital 09-10-2015

MEPs green light new online payment rules

MEPs approved rules on Wednesday (7 October) to cut costs imposed on online payment services and to make them safer and more resistant to fraud. Legislators say the new measures will boost the growth of innovative online services in the payments sector.
Euro & Finance 27-03-2014

Putin ‘sanctions’ Visa, Master Card

President Vladimir Putin said today (27 March) that Russia would develop its own credit card system, in order to reduce reliance on Western payment card companies Visa and MasterCard and soften the potential blow from EU, US sanctions.
Euro & Finance 13-12-2013

Technical spats set to dog payment cards debate

Key rule changes designed to introduce more competition and update the credit and debit card payments landscape are set to ignite a lengthy dispute over technicalities when they come before committee in the European Parliament next week.