At the end of the 1960s, who would have thought that the procedure originally intended for the regular settlement of utility bills (electricity, gas, water) would continue so successfully in the current dimensions of the most modern payment transactions? The (now) SEPA direct debit is...
Is there now also “drone delivery”? The online grocery trade is one of the winners of the Corona crisis. In the past three months, German citizens bought almost twice as much pasta, meat, fruit and vegetables on the Internet as a year before. The effect arises...
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...
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...
The merger of the payment systems consolidates the German market for bank-supported procedures. In terms of organization, paydirekt will take over giropay, but giropay will probably be continued as the name and not paydirekt. Since the technical operation of the giropay process takes place via the...
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...
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...
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...
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...
Internet merchants may charge an additional fee for payments made using Sofortüberweisung or PayPal. The legal prohibition does not apply when switching on the expensive payment service providers. Until now, retailers have had to price in the high fees in such a way that all...