Image default
Greek News

Changes in internet, credit, debit & pre-paid card transaction

From the 14th of September all contactless transactions, up to the amount of 25 euros, without entering the PIN code in the POS, with debit, credit or prepaid cards will be made up to a limit of 150 euros, cumulatively. Each time a transaction is made using the PIN code, the 150 euro limit will be reset to zero. Therefore, continues unlimited purchases will not be possible without the use of the PIN code.

Changes to online transactions

At the same time, there will be significant changes to online shopping as well. Specifically, these changes will be related to strong holder identification procedures. Strong customer identification during the purchase will be achieved through: winbank web/mobile banking codes and SMS extra PIN or push notification.

It should be noted that these changes will be implemented in Greece as well as across Europe.

Σχετικα αρθρα

Greek banks promise to ‘freeze’ hikes in transaction fees

admin

The industries affected most by fake products (infographic)

admin

The “sick men” of Europe rise, but for how long?

admin

Greece: Early IMF repayment completed

admin

The European countries with the most millionaire bankers (infographic)

admin

Greek debt reduction in absolute numbers begins

admin

The Mobile Takeover Continues (infographic)

admin

Huge budget surplus of over € 3 billion forecast for 9-month term

admin

The countries that produce the highest per capita emissions (infographic)

admin

The Biggest Exporters of Beef in the World (infographic)

admin

Greece second last in productivity, OECD report reveals (infographic)

admin

Lamda Development takes over 100% the Hellinikon Project, in strategic move

admin

Hellenic Sugar Industry signs lease for two plants to consortium

admin

Jobless rate falls in May to 17.2%

admin

Greeks prepare for mid-term Autumn sales, Black Friday & Cyber Monday

admin

The charges abolished by the 4 Greek systemic banks

admin

The Billion-Dollar Holiday (infographic)

admin

U.S. designates China as a currency manipulator (infographic)

admin