Financial Times FT.com

ECB cashless payments plea

By Ralph Atkins in Frankfurt

Published: February 20 2006 02:00 | Last updated: February 20 2006 02:00

Europe's tax collectors and other public administrators need to take the lead in adopting eurozone-wide cashless payment systems, and help speed up the integration of fragmented national schemes, the European Central Bank has urged.

The ECB's appeal is the latest attempt by European Union policymakers to force the development of simpler, cheaper and more effective systems for euro bank transfers in the 12-country region.

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