On Thursday 23 February, the European Consumer Organisation (known by its French acronym, BEUC) spoke out in the strongest possible terms against the technical standards for the security of payment services announced by the European Banking authority (EBA) the same day.
The organisation describes as “unacceptable” the proposal that remote payments below €30 - instead of €10 - be exempted from the strict customer identification rules and that, for remote payments of between €30 and...