Payment systems

Vehicles for the control of the Executive Agency "Automotive Administration" are now equipped with POS terminal devices. They are connected to the Agency's electronic control system, in which the criminal decrees were also generated, reported the Ministry of Transport and Communications.

About 7.2 million euros was charged in the first half of 2023 to debit and credit card holders due to the 31% increase in fraud incidents which raised the amount "embezzled" from cards to €12.5 million (an increase of 29% compared to the second half of 2022).

In a landmark development, the European Union (EU) has ushered in a new era of financial transactions with the introduction of instant Euro transfers that take just 10 seconds. This transformative change is the result of an agreement between EU member states and the European Parliament, underpinned by a proposal made by the European Commission a year ago.

The road tax for 2024 were posted on the myCAR platform of the Independent Authority for Public Revenue (AADE) on Wednesday, the Authority said, adding there are no significant tax differences from last year.

The prevalence of retail traders and services unwilling to accept credit cards is on the rise in the occupied territories of Cyprus, warns columnist Jenq Mutluyakali in an article at the Yeni Duzen newspaper.

The government plans to gradually pay all welfare benefits by prepaid card and oblige recipients to spend at least half the amount through electronic transactions.

Payments made with credit cards, debit cards and prepaid cards hit 639 billion Turkish Liras ($23.7 billion) in June, rising 109 percent from a year ago, according to the data from the Interbank Card Center (BKM).

Total card payments grew 2 percent from May.

A Thessaloniki court has sentenced two people to ten years' imprisonment for their role in an ATM skimming operation in which the data of at least 665 bank cards were stolen.

Skimming is a way of stealing PINs and other information off credit and debit cards by rigging machines with hidden recording devices.

The new MasterIndex Serbia research showing that in one year only, the number of payment card users has increased by 6 percent, from 32 to 38 percent.

The decision was made based on the Decision adopted at the session of the Belgrade City Assembly on April 13 this year.