Card payments across Europe totalled over € 3.8 billion in 2020. And as contactless buying soars, virtual cards are coming into their own. While fraud continues to be the main reason behind a majority of the chargebacks, there has been a steady increase in the number of non-fraud-related cases as well.
Novalnet supports Caritas, a global aid organisation, in their flood disaster relief efforts in Germany with financial aid. This aid is meant for the relief work in federal states affected by intense floods in July 2021.
Open Finance promises to change the way consumers and businesses in Europe use financial services. But what does it mean for you?
In July 2020, the maximum limit for instant payment transactions will be raised from € 15,000 to € 100,000. This is expected to increase acceptance of real-time transfers and is expected to drive the development of the associated infrastructure.
In February, traders were able to breathe a sigh of relief: the Federal Court of Justice limited liability to platforms. There were also other interesting legal news relating to trademark law and data protection.