I would like to thank Vincenzo de Stasio, Maria Iride Vangelisti and participants at the Conference on “L’attuazione della seconda direttiva sui servizi di pagamento e ‘open banking’”, Bergamo, 18-19 October 2019 for comments and suggestions. All remaining errors are my own responsibility. Introduction The provision of payment services is one of the most important […]
Competing Electronic-Moneys: Why Recent Developments in the Payment System Require Stronger Regulation
Introduction In the last years, after decades of lethargy, the retail payment industry has started to thrive. Means of payment which were unthinkable of in the recent past are now available, and innovative services are offered by old and new players. The revolution in information and telecommunication technologies has taken some time to shake what […]