Home » today » Business » Visa and Mastercard, the American giants of the banking transaction that make Europe salivate Visa and Mastercard, the American giants of the banking transaction that make Europe salivate June 29, 2020 by world today news An ECB-supported project aims to create a new European payment acceptance system. The challenge is colossal. By Louis Heidsieck –The number of transactions made by international operators more than doubled between 2009 and 2016. De Theethawat Bootmata/ Shutterstock The experience can be replicated everywhere, at little cost: open your wallet and take out your bank card. In the vast majority of cases, this will include two logos, the first French, “CB”, and a second American, often “Mastercard” or “Visa”. Without warning, it’s a great duel of “schemes”, named after these intermediaries who organize banking transactions, which is played in your pocket. With each payment, a small commission and a myriad of personal data in fact pass to one or other of these “schemes”, in France or the United States. Against the backdrop of major challenges in terms of sovereignty and protection of personal data. In February 2020, a report was submitted to the Ministry of Economy and Finance to explore the possibility of creating a European “scheme”, and repatriate to the Old Continent the payment data and the commissions that go with it. This European project, called EPI for European Payments This article is for subscribers only. You still have 88% to discover. Subscribe: € 1 the first month Cancelable at any time —– . Related posts:Duo falls for SMS scams and loses moneyThe last session on the WSE in 2021. The indices are going upRegensdorf Construction Boom: 800 Apartments Near Train Station, 300 in Center"Financial System in Good Shape Despite Energy Crisis and Recession Warning, Says CPB"Share this:FacebookX Related Fortnite season 3 leaks new floppers Moon Studios claims it has nothing to share regarding an Ori and the Will of the Wisps port on Switch and that it would be difficult to move to 60fps – Nintenderos Leave a Comment Cancel replyCommentName Email Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed. Search for: