Friday, May 16, 2003
ECB remark on electronic money
E-money has become a new means of payment through legislation. In Europe, the issuance of e-money is restricted to credit institutions and to companies - a type of narrow bank - that fall under the national implementations of the Electronic Money Directive (see legislative aspects below). The definition of e-money in the Directive is broader than the definition used by the ECB and can include - in addition to card and software-based e-money schemes - schemes that operate on the basis of accounts.
Posted by Simon on 09:29 | link
Thursday, May 08, 2003
Posted by Simon on 08:20 | link