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Why the EU delivered an AI strategy to support business and citizens
The European Commission recently unveiled a detailed set of proposals that it hopes will establish the region as a leader in AI (artificial intelligence) by focusing on trust and transparency.... more
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EC sets sights on TIPS challenging Visa and Mastercard European dominance
The European Commission (EC) has been reported to be considering implementing new regulations to support and accelerate the adoption of TARGET Instant Payments Settlement System (TIPS) in an effort to... more
The post EC sets sights on TIPS challenging Visa and Mastercard European dominance appeared first on Payments Cards & Mobile.
EC fines Mastercard €570 million over cross-border interchange fees
The European Commission has fined Mastercard a meaty €570.6 million ($648.3 million) for limiting the possibility for merchants to benefit from better interchange fees offered by banks elsewhere in the European... more
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SEPA: Is the ECB stifling competition with its latest move?
Ten years ago the European Commission (EC) and the European Central Bank (ECB) announced a common vision for the Single Euro Payments Area (SEPA), which they described as an “integrated market for payment services which is subject to effective competition…” and described their role as “creating open and common standards that overcome technical and commercial [...]
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