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Yves Randoux
CEO Groupement des Cartes Bancaires CB |
The figures speak for themselves: as the volume of bank card transactions
is steadily increasing, the CB system provides a level of security
unmatched elsewhere in Europe.
This security, the key to consumer confidence, is based on four fundamentals:
a contractual agreement between users and card issuers; constantly
improving technical measures; highly secure products and processes
developed by French manufacturers and approved by Cartes Bancaires;
and finally, stiffer penalties enforced by the French Law on Everyday
Security (Loi sur la Sécurité Quotidienne).
Today, the challenge is to reach the same levels of security in Europe
as in France. The recent creation of the Single Payment Area in Europe
and the acceleration in the rollout of EMV are both in line with this
goal.
All of these questions are addressed in the feature section of this
summer's issue of CB Mag. |
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