-
ECB selecting banks that want to take part in pilot phase
-
ECB setup costs to reach around 1.3 bln euros, Cipollone says
-
Banks to pocket fees, won’t have to pay system costs to ECB
-
Merchants will also have an incentive in terms of cap on fees
ECB selecting banks that want to take part in pilot phase
ECB setup costs to reach around 1.3 bln euros, Cipollone says
Banks to pocket fees, won’t have to pay system costs to ECB
Merchants will also have an incentive in terms of cap on fees
American banks are the worst in the world. Don’t get me wrong, it’s not some utopia here in the EU. Banks here will pull as much bullshit as they’re legally allowed to, but the difference is there’s more consumer protection.
And in General more regulations to stop banks from going completely crazy.