The time has passed for European law makers to adopt the newly updated Payment Services Directive, as was announced by Jaume Duch Guillot, one of the Parliament’s chief spokespersons, in a public debate on directive that took place in Brussels last Wednesday.
Mr Guillot said that the directive, along with the related interchange fee regulation, is currently being discussed within the Parliament’s economic and monetary affairs committee, with discussions scheduled to conclude within the next Parliament.
Research by five of the UK’s leading banks has found that 18% of Brits would prefer to go completely cashless, opting for other forms of paperless payment including the more traditional card payments and more modern mobile-based solutions.
The study, conducted by consumer analyst firm Mintel, found that over a third (38%) were interested in mobile payments and that 8% said they were ready to sign up to and make the switch to such payment solutions immediately.
A new survey has revealed that 1 in 10 of us have made the mistake of taking the wrong currency away with us on holiday, prompting advice for travelers to double check before ordering any foreign currency, or opt for alternative means of taking cash abroad, such as prepaid cards.
The most commonly made mistake by travelers was assuming that EU member states all used the Euro, being unaware that only 17 of the 28 countries that form the EU were using the single currency.