Central Banking

European Central Bank Consultation Announcement

ANNOUNCEMENT - Consultation on electronic money systems security objectives, 19 March 2002.

E-money schemes are gradually gaining popularity as a means of payment in some countries of the euro area. The introduction of the euro and the switch from bank cards with magnetic stripes to smart cards could further stimulate the use of e-money and make it an attractive payment instrument for small amounts.

Central banks have always had a strong interest in such developments on account of their overal