Online Payment Policies in the EU and in the US

The establishment of a safe online payment system is necessary in order to boost the development of e-commerce. Both the EU and the US have implemented policies that aim at developing reliable, user-friendly, efficient and secure electronic payment systems within their borders. However, from an international perspective, it appears that a lot remains to be achieved.

The following questions have been addressed in this article:

To what extent are new payment systems for international electronic transactions being developed?
What international models are available regarding online payments?
What online payment policy was adopted in the US?
What online payment policy was adopted in the EU?

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