New EU-wide requirements
EU countries: More consumer protection in payment transactions
Consumers should better protect new rules from fraud when paying. Something should also change at ATMs. The industry not only sees the advance positively.
The European Union wants to better protect consumers from fraud in payment transactions. In addition, the representatives of the Member States agreed on new rules for more transparency for fees on ATMs and payment card systems. The requirements still have to be negotiated with the European Parliament before they can come into force.
Among other things, payment service providers should be obliged to exchange information relevant to fraud. You should set up a system with which international account numbers (IBAN) can be compared with the corresponding bank account name before money is transferred to this account.
The aim is to create a comprehensive fraud control fraud, according to the statement from Brussels. This can help to combat new forms of payment fraud more and more frequently, such as so -called spoofing. Fraudsters are a payment service provider to gain trust and make users carry out financial transactions.
Band core: fraud can only be combated together
Heiner Herkenhoff, General Manager of the Federal Association of German Banks (BDB), said on behalf of the umbrella organization Deutsche Kreditwirtschaft (DK): “Fraud can only be combated effectively if everyone involved – credit institutions, telecommunications providers and internet platforms.
The five large banking associations in Germany organized in the DK therefore see the proposal to make credit institutions liable alone if customers are damaged by fraudsters. “A one -sided acceptance of the banks does not solve the default problem, but only relocates the economic consequences,” argues Herkenhoff. “As a result, the incentives for fraudsters are increased.”
EU countries also want more transparency in fees
With the new regulations, the EU countries also want to ensure more transparency in ATMs. In this way, all fees and exchange rates should be given there before completing a transaction.
Consumers and consumers such as companies should also get a better overview of the fees of payment card systems and can make a better choice on this basis.
dpa
Source: Stern
