Payment systems

Tax inspectors to probe web

Some 1.2 million freelance professionals and small companies are set to come under the lens of the tax authorities, which will be scrutinizing their last five years of activity, as the head of the Independent Authority for Public Revenue Giorgos Pitsilis has issued a decision setting new criteria concerning their monitoring.

Banks to charge other lenders’ clients up to 3 euros per ATM withdrawal

Bank clients using the cash machines of other lenders to make withdrawals will face a significant hike in the charges levied by the machines' owners as of next week.

They may stand to pay as much as 3 euros per transaction for withdrawals from an account in another Greek bank.

European Banks Face Risks In Race To Implement PSD2

Banks and their customers have so far noticed little impact from the EU's second Payment Services Directive (PSD2), which came into force in the European Economic Area (EEA) on Jan. 1 last year. The full potential effect of PSD2--designed to boost competition and the variety of products in the payments space--will only materialize on Sept.