Sector Regulation Sector Regulation

EU banks can change contracts to offer contactless if respecting cardholders' rights, court says

By Jack Schickler
  • 11 Nov 2020 08:06
  • 12 Nov 2020 03:47
EU banks can unilaterally change contract terms to offer cardholders contactless payments as long as they respect consumer-protection laws, the EU’s highest court has said in a judgment that could have significant implications for the rollout of contactless technology.

Consumers, not banks, remain liable for any spending made anonymously if a payment card

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