Payments

Economy & Jobs 17-09-2020

LEAK: Commission plans new revolution for “open finance” in 2022

The European Commission wants financial firms and other companies to share more customer data to create a “broader open finance space" with new services for citizens, according to a draft of the Digital Finance Strategy seen by EURACTIV.
Paying with NFC technology on credit card
Economy & Jobs 03-07-2020

Europeans save up to €2 billion thanks to caps on bank cards fees

Bank cards fees for European merchants and consumers have decreased over the past years thanks to the new EU rules, generating savings of up to €2 billion annually, according to a European Commission report published this week.
Economy & Jobs 16-06-2020

Brussels launches investigation against Apple for abusive practices

The European Commission opened two parallel investigations into Apple on Tuesday (16 June) to see whether the US tech giant has excluded rivals and imposed unfair conditions on 'app' developers via its Apple Store and its payment service Apple Pay.
Economy & Jobs 04-05-2020

Coronavirus hits adoption of stricter online payments rules

European retailers are asking for more time to adopt stricter rules to protect online shoppers, but consumer organisations say the demand is “completely unacceptable” as e-commerce fraud has increased during the coronavirus crisis.
Economy & Jobs 27-03-2020

Cashless payments versus the pandemic

Authorities are encouraging the use of electronic payments as a safer measure to maintain social distance and contain the spread of the coronavirus.
Economy & Jobs 20-02-2020

EU eyes single space for European bank cards

The European Commission will present this autumn a strategy on an integrated EU payments market, to facilitate the use of national payment services across Europe and reduce the dependency from international card operators such as Visa or Mastercard.
Economy & Jobs 13-12-2019

ECB to embark on soul-searching process in 2020 

The European Central Bank will next year review its tools and objectives in order to better fulfil its mandate of price stability, and it also intends to assess the appropriateness of issuing its own digital currency, in the face of growing concerns about Facebook’s Libra.
Economy & Jobs 06-12-2019

Libra maintains 2020 approval target despite concerns

Facebook-sponsored digital currency Libra is determined to getting the green light by European regulators next year, despite the numerous concerns raised by EU finance ministers, a senior representative of the project told EURACTIV.com.
Economy & Jobs 08-11-2019

Commission wary of side effects of Libra regulation

The European Commission has called for a “proportionate” and differentiated approach to regulating digital currencies including Facebook’s Libra, as the EU needs to preserve is developing Fintech environment.
Future EU 10-09-2019

France’s Goulard gets double internal market and defence industry post

Defending Europe's industrial sovereignty and building a defence and space industry. Ursula von der Leyen's newly-designated European Commission is innovating by adopting French President Emmanuel Macron's demands itself. EURACTIV France reports.
Banking union 05-12-2018

European Commission wants to use euro as strategic tool

What if the euro, which is celebrating its twentieth anniversary, assumed its status as the second most important global currency? This revolutionary idea is to be discussed at the European Council next week. EURACTIV France reports.  
Brexit 23-08-2018

Prepare for higher bank costs and customs delays from ‘no deal’ Brexit, London warns

UK businesses and consumers should brace themselves for tariffs, customs bureaucracy and higher bank charges if the UK leaves the EU without a deal, London warned on Thursday (23 August) in its most serious reality check to date.
Digital & Media 26-09-2017

Tech industry sounds alarm over draft online payment rules

Twenty-seven e-commerce companies and lobby groups have asked the European Commission to change a draft proposal to regulate payment services, arguing that additional security measures will drive shoppers away from online platforms.
Digital & Media 27-01-2017

Chinese messaging app WeChat courts European business for ad sales and e-commerce

Messaging and e-commerce app WeChat is courting European businesses to advertise and sell to its more than 700 million users in China.
Digital & Media 31-05-2016

EU makes progress on uniform sharing economy policy

The European Commission will ask member states to review and amend legislation, when necessary, to end the fragmentation faced by Uber, Airbnb and other collaborative platforms in Europe, EURACTIV.com has learned.
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.
Italian MEP Antonio Tajani (EPP), rapporteur on the online payment services legislation, during the plenary debate on 7 October
Digital & Media 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.
piracy
Digital & Media 15-05-2015

Denmark partners with tech companies to take on piracy

The Danish Ministry of Culture announced last week (8 May) that it's organising a campaign to target pirated content on the internet, partnering on a voluntary basis with internet service providers and tech companies, including Google and Microsoft.
Euro & Finance 10-03-2015

Parliament agrees to card caps

EU lawmakers agreed to impose caps on card payments in Europe following a vote in Parliament on Tuesday (10 March), applying to cross-border and domestic card-based payments.
Digital & Media 21-11-2014

Scope and level of card caps remain in dispute

SPECIAL REPORT: EU lawmakers disagree over the level and scope at which card payments in Europe should be capped as the issue goes into trilogue in advance of its adoption anticipated early next year.
Public Affairs 20-11-2014

Payment card ruling could open new era for EU transparency

SPECIAL REPORT: The European Commission is considering lifting restrictions applying to confidential internal documentation in the wake of a payment card legal case it lost earlier this year.
Euro & Finance 11-09-2014

ECJ ruling exposes MasterCard to national antitrust probes

MasterCard broke EU antitrust law when setting interchange charges for cross-border card payments, the highest court of the European Union today ruled (11 September).
Competition 09-09-2014

Commission wrong to deny access to interchange fee research, say EU judges

The European Commission was wrong to deny MasterCard access to research that fed into the draft regulation capping cross-border card payments, EU judges in Luxembourg ruled today (9 September).
Euro & Finance 08-09-2014

EU court rulings add up to crunch week for MasterCard

In one of two court rulings involving MasterCard this week, European judges will decide whether the company broke competition law when setting interchange charges for cross-border card payments.