PAYMENT SERVICES : EXPERT GROUP TO MONITOR MARKET FUNCTIONING.

Anxious to fight the cases of fraud that are developing in payment services, the European Commission announced, on 8 January, that it was going to create an experts group, which will be responsible for collecting data on payment issues, particularly fraud prevention, from a range of stakeholders, in particular the payment industry and users.

Experts interested in joining this Payment Systems Market Expert Group (PSMEG) are invited to send an application to the Commission, by 6 February(1). A maximum of 50 experts will be selected.

The group will assist the Commission in the preparation of legislative acts or policy initiatives regarding payment systems, including fraud prevention issues related to payment industry and users; in providing insight concerning the practical implementation of that policy; and in exchanging views on up-to-date...