Online shoppers 'face disruption' from EU payment plans

Online shoppers 'face disruption' from EU payment plans
 

EU proposals to make consumers go through extra security checks for many online payments have come under fire from Visa and other payment companies.
Consumers would need to enter passwords or codes for online transactions above €10 (£8.50), under anti-fraud plans from the European Banking Authority.
The regulator said it was trying to balance security with convenience.
But payment company Visa said the plans could be "catastrophic", and banks and retailers have expressed concerns.
Shoppers would face disruption, particularly during busy periods such as Black Friday - the annual... read more

 
22 November 2016 in Science &Technology, Views: 52
Source: BBC
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