Money is what counts, or what the money functions such as holding, exchanging, calculating, etc. fulfills. "Fiat money" (Latin for "it happens" money) such as the euro does not correspond to any commodity such as coffee, sheep, wheat, etc. but has a defined value that...
From July 1, 2020, instant payments of up to 100,000 euros can be made with the instant payments. This was announced by the European Payments Council, which is responsible for the standards in payment transactions in the SEPA area. So far, the limit for such...
Comment, on my own behalf: In 2008, as chairman of the BDOA, I happened to have a two-minute one-on-one conversation with the then President of the ECB, Jean-Claude Trichet. At that time I convinced him of the necessity of my idea that the ECB should...
CreditPass GmbH is expanding its range of digital payment methods under its “Eurodigits®” brand. Cryptocurrencies and IT systems dealing with payment transactions are to be supported in operation, which enable cash to be transferred in the same way or in a similar way. The offer...
The ibi institute at the University of Regensburg has been a creditPass partner for many years. In order to survive in competition with new competitors, retail banks are expanding their range of services to include additional services. These additional services address the everyday life of...
Personal data may only be transferred from Europe to the USA if they are protected there more effectively than before from access by the American security authorities. This follows from a ruling by the European Court of Justice (ECJ) on data transfer from the Irish...