Is it too much to ask for regulations for payment transactions to step in, at least in EU? I know we're not too regulation-friendly here, and I haven't made up my mind yet, but I tend to think it's only consequential that digital payment transactions are considered a field where governments should exercise authority, on similar grounds that give (or doesn't give) government authority over establishing a currency in t…
The EU has a lot of law about digital payments. In September this year, a new provision will come into force in the entire EEA that requires digital payments to be made with two-factor authentication, for example. I don't know whether or how that affects PayPal though.
That's great news. I hope it will finally result in international support for more secure internet payment. I can do so domestically, but as soon as a transaction is international, credit cards is basically the only thing that's accepted.