Saturday October 24, 2020

EU card regulation 'could drive people back to cash'

MasterCard is claiming that EU integration would be bad for consumers and merchants, writes Emma Kennedy.

29th September, 2012

European proposals to regulate payments for card transactions could be counterproductive and push consumers into using more cash, according to research conducted by MasterCard.

Earlier this year, the European Commission launched a consultation process on the proposals in its green paper, 'Towards an integrated European market for card, internet and mobile payments'.

A Commission statement said the paper aimed to identify obstacles preventing greater integration in the card, internet and mobile payment markets. "The way...

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