Press releases

Today the European Banking Authority proposed new security requirements for all electronic payments in the EU. These rules leave a lot to be desired when it comes to tackling fraud, which is the reason the rules are being introduced in the first place. In the Eurozone the value of all fraudulent transactions using cards online amounted to €1.44 billion in 2013, which represented an increase of 8% from 2012.

The European Parliament’s Economic Affairs Committee has just agreed on a report which calls for a single market to emerge in retail financial services that delivers simple and transparent products for all consumers, not just cross-border ones.

The e-commerce, financial services and telecoms texts of the Trade in Services Agreement (TiSA) have recently been leaked. The European Consumer Organisation (BEUC) concludes that these texts are unlikely to lead to a good deal for consumers.

The European Consumer Organisation and its Slovak member ZSS met the Slovak First Secretary of State of the Ministry of the Economy, Mr Rastislav Chovanec, to present their expectations for the first ever Slovak EU Council Presidency.