Fraud threatens payments system plan

A European Commission report, published on the 28 April 2008, says that credit and debit card fraud threatens to obstruct the development of a crossborder payments system in Europe, and in some cases lax security measures by merchants and card issuers are adding to the problem.

European Commission: Press release: IP/08/653: Financial services: payment security is key to improving consumer confidence in new payment services, says Commission report http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/653&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: DG Internal Market and Services: Free movement of services: Financial Services: Payment services: Fraud and counterfeiting http://ec.europa.eu/internal_market/payments/fraud/index_en.htm

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