The European Commission is considering new rules to speed up the take-up of an i...
FILE PHOTO: European Commission Vice-President Valdis Dombrovskis attends a news conference in Brussels, Belgium, November 21, 2018. REUTERS/Yves Herman
The ECB’s TARGET Instant Payment Settlement system will let people and companies in Europe transfer euros to each other within seconds and regardless of the opening hours of their local bank This is seen as a direct challenge to U.S. firms like PayPal, Google, Facebook and Amazon, and China’s Alibaba and Tencent which currently dominate such services in Europe.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Another Multibillion-Dollar Settlement Won’t Dent Mastercard’s, Visa’s DominanceThe card processors, maintaining they did nothing wrong, will pay up to $6.4 billion on merchant claims that both companies charged excessive fees.
Read more »
10 most popular stocks among hedge fundsHedge fund managers still like the FAANGs; plus, PayPal joins Visa as a top holding.
Read more »
Hammond says EU won't consider alternatives to backstop for nowBritish Finance Minister Philip Hammond said on Tuesday it was clear the Europea...
Read more »
UK's Hammond says EU won't consider alternatives to backstop for nowBritish Finance Minister Philip Hammond said on Tuesday it was clear the Europea...
Read more »
Aviva, NatWest to join 'Brexodus' of business to EUEngland's High Court on Tuesday gave Aviva, Britain’s second largest insure...
Read more »
May heads to EU on Wednesday to push for Brexit breakthroughPrime Minister Theresa May will meet top EU official Jean-Claude Juncker in Brus...
Read more »