Payment systems

A 33-year-old Turkish man extradited to New York appeared in court on June 24 on charges that he organized three cyber attacks costing the global financial system $55 million, prosecutors said.

A 33-year-old Turkish man extradited to New York appeared in court June 24 on charges that he organized three cyber attacks costing the global financial system $55 million, prosecutors said.
 

As uncertainty hangs over Greece's financial future, Polish Prime Minister Ewa Kopacz is advising Poles traveling to Greece to take a "larger amount of cash" with them.

Greek resort manager Costas Dimitrokallis?s customers have started asking in recent weeks about an amenity often ignored in an age of online and credit card payments: reliable hotel safes to stash their money.

The first ATM using face-recognition technology was presented by China. The novelty ATM aims to combat cases of theft and fraud, according to its designers.

A few hours after Finance Minister Yanis Varoufakis said the Greek government was considering the introduction of a small levy on ATM withdrawals, the ministry issued a statement saying that such a measure is not in the cards.

?In the context of negotiations at the Brussels Group, a proposal was made to introduce a tax on bank transactions,? the statement said.

A slight surcharge on ATM or bank withdrawals may be imposed, according to FinMin Yanis Varoufakis on Tuesday.
 

Starting 8 a.m. on June 1, 2015, toll fees and vignette stickers for trucks at Bulgaria's Kapitan Andreevo border crossing point will only be paid at a "points of sale" (POS).

Finance Minister Yanis Varoufakis confirmed a report by Proto Thema on April 20 stating that people will be offered incentives for cash card purchases.

VAT contributions worth 6.5%, 9.5%, 15% and 18% with the average tax rate beneath 15% even if there is a change to the 30% discount on islands with the possibility of VAT on food item charges changing from 13% to 6.5% and 9.5%.

By Evgenia Tzortzi

The government is planning to offer a cash return incentive for Greeks who as of July 1 use debit or credit cards on certain islands for purchases above a threshold of 50 or 70 euros.