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Establishing trust!
Electronic Payment: the dawning of a new era!
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Online commerce
A study by the European Commission has revealed that consumers in Northern Europe are more trusting than those in Southern Europe when it comes to e-payment methods.

In 2001, each working day, over 207 million transactions, outside cash transactions, were recorded in the European Union, that is, an average of 138 transactions per year per person. Electronic payments, which account for a significant share of these transactions, are increasingly accepted and considered secure by Europeans. That is the conclusion based on the results of a study published in mid-September by the European Commission.
The study, which defined a trust index for each of the member States, reveals that consumers in Northern Europe seem more trusting than those in the South… Another finding: security information was easy to find on only 26% of the 600 e-commerce sites examined (47% for French sites).
The Commission will shortly reveal its proposals for the implementation of a new legal framework for payments within the European Union.
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