Saturday, September 20, 2008

French & German Banks Plan European Credit Card

The biggest European banks plan to establish an alternative to the Visa and Mastercard payment systems, the Russian Vzglyad Weekly informs. Leading French and German banks have initiated negotiations with the European Commission. Representatives of the Central European Bank support the project since it would provide a higher degree of security to clients. The president of Visa Europe considers the involvement of numerous payment systems does not correspond to the customers' needs.

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