EU clamps down on online fraud and hidden fees affecting online payment platforms
PositiveTechnology

- The European Union (EU) has implemented new regulations requiring payment service providers to enhance their fraud protection measures and increase transparency regarding fees. This initiative aims to combat online fraud and hidden charges that have affected consumers and businesses alike.
- This development is significant for payment service providers as it compels them to adopt stricter security protocols and clearer fee structures, potentially improving consumer trust and satisfaction in online transactions.
- The focus on transparency and reliability in payment systems reflects a broader trend in the tech industry, where organizations are increasingly held accountable for ethical practices and operational continuity, particularly in the context of evolving regulations like GDPR and the growing importance of artificial intelligence.
— via World Pulse Now AI Editorial System







