Author: Manuel

Credits: © stokkete – Fotolia.com

To make 20 € of races in a grocery store, to pay 50 € by credit card and to recover from the shopkeeper 30 € in cash: this type of transaction is now authorized in France. This so-called "cash back" practice is included in the European Payment Services Directive (PSD2).

Withdrawing cash at the supermarket checkout at the time of purchase is already widespread in Europe where this payday use, according to a study by the European Central Bank published in November 2017, represents around 7% of total withdrawals, transactions with ATMs approaching 40%.

This new service has already been set up in a major brand in France and should gradually expand over the territory.

Useful in rural areas, the "cash back" can also interest people unfamiliar with new technologies, as well as consumers with very modest income hypermarkets customers who want to control their expenses. Beyond the service provided to customers, this system is also useful to the distributor, facilitating his cash management.

To know :

Order 2017-1252 of 9 August 2017 transposing the European directive updates the legal framework for payment services, in order to adapt it to new types of players and products, to better protect the consumer, to enhance data security and support innovation. It has been ratified by the law of 3 August 2018. A decree (not yet published) must nevertheless specify the maximum amount in cash that can be disbursed in this context.

EDITOR'S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL OSI Translation. Region: France and French Territories –

Source: Republic of France in French

Credits : © stokkete – Fotolia.com

Make a € 20 shopping in a grocery store, pay 50 € by credit card and retrieve the merchant’s 30 € in cash : this type of transaction is now authorized in France. This practice, known as “cash back” is listed in the european directive on payment services (CSP2).

Withdraw cash at the supermarket checkout when a purchase is a practice that is already widespread in Europe, where this use of troubleshooting, according to a study by the european central Bank published in November 2017, representing about 7% of the total withdrawals, transactions with atms, approaching 40 %.

This new service has already been put in place in a large brand in France and is expected to spread gradually over the territory.

Useful in a rural area, the “cash back” may also be of interest to people that are unfamiliar with the new technologies, as well as the income consumers with very modest customers of hypermarkets who want to control their spending. Beyond the service rendered to the clients, this system is also useful in the dispenser, facilitating its management of the species.

Namely :

The order 2017-1252 of August 9, 2017 transposing the european directive which updates the legal framework for payment services, in order to adapt to new types of actors and products, to better protect the consumer, enhance the security of data, and support innovation. It has been ratified by the law of 3 August 2018. A decree (not yet published) must nevertheless still specify the maximum amount of cash that can be disbursed in this framework.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure is not be perfect.

MIL OSI Translation. Region: France and French Territories –

Source: Republic of France in French

Credits : © stokkete – Fotolia.com

Make a € 20 shopping in a grocery store, pay 50 € by credit card and retrieve the merchant’s 30 € in cash : this type of transaction is now authorized in France. This practice, known as “cash back” is listed in the european directive on payment services (CSP2).

Withdraw cash at the supermarket checkout when a purchase is a practice that is already widespread in Europe, where this use of troubleshooting, according to a study by the european central Bank published in November 2017, representing about 7% of the total withdrawals, transactions with atms, approaching 40 %.

This new service has already been put in place in a large brand in France and is expected to spread gradually over the territory.

Useful in a rural area, the “cash back” may also be of interest to people that are unfamiliar with the new technologies, as well as the income consumers with very modest customers of hypermarkets who want to control their spending. Beyond the service rendered to the clients, this system is also useful in the dispenser, facilitating its management of the species.

Namely :

The order 2017-1252 of August 9, 2017 transposing the european directive which updates the legal framework for payment services, in order to adapt to new types of actors and products, to better protect the consumer, enhance the security of data, and support innovation. It has been ratified by the law of 3 August 2018. A decree (not yet published) must nevertheless still specify the maximum amount of cash that can be disbursed in this framework.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure is not be perfect.

MIL OSI Translation. Region: France and French Territories –

Source: Republic of France in French

Credits : © stokkete – Fotolia.com

Make a € 20 shopping in a grocery store, pay 50 € by credit card and retrieve the merchant’s 30 € in cash : this type of transaction is now authorized in France. This practice, known as “cash back” is listed in the european directive on payment services (CSP2).

Withdraw cash at the supermarket checkout when a purchase is a practice that is already widespread in Europe, where this use of troubleshooting, according to a study by the european central Bank published in November 2017, representing about 7% of the total withdrawals, transactions with atms, approaching 40 %.

This new service has already been put in place in a large brand in France and is expected to spread gradually over the territory.

Useful in a rural area, the “cash back” may also be of interest to people that are unfamiliar with the new technologies, as well as the income consumers with very modest customers of hypermarkets who want to control their spending. Beyond the service rendered to the clients, this system is also useful in the dispenser, facilitating its management of the species.

Namely :

The order 2017-1252 of August 9, 2017 transposing the european directive which updates the legal framework for payment services, in order to adapt to new types of actors and products, to better protect the consumer, enhance the security of data, and support innovation. It has been ratified by the law of 3 August 2018. A decree (not yet published) must nevertheless still specify the maximum amount of cash that can be disbursed in this framework.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure is not be perfect.

MIL OSI Translation. Region: France and French Territories –

Source: Republic of France in French

Credits: © stokkete – Fotolia.com

To make 20 € of races in a grocery store, to pay 50 € by credit card and to recover from the shopkeeper 30 € in cash: this type of transaction is now authorized in France. This so-called "cash back" practice is included in the European Payment Services Directive (PSD2).

Withdrawing cash at the supermarket checkout at the time of purchase is already widespread in Europe where this payday use, according to a study by the European Central Bank published in November 2017, represents around 7% of total withdrawals, transactions with ATMs approaching 40%.

This new service has already been set up in a major brand in France and should gradually expand over the territory.

Useful in rural areas, the "cash back" can also interest people unfamiliar with new technologies, as well as consumers with very modest income hypermarkets customers who want to control their expenses. Beyond the service provided to customers, this system is also useful to the distributor, facilitating his cash management.

To know :

Order 2017-1252 of 9 August 2017 transposing the European directive updates the legal framework for payment services, in order to adapt it to new types of players and products, to better protect the consumer, to enhance data security and support innovation. It has been ratified by the law of 3 August 2018. A decree (not yet published) must nevertheless specify the maximum amount in cash that can be disbursed in this context.

EDITOR'S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL OSI Translation. Region: France and French Territories –

Source: Republic of France in French

Credits: © stokkete – Fotolia.com

To make 20 € of races in a grocery store, to pay 50 € by credit card and to recover from the shopkeeper 30 € in cash: this type of transaction is now authorized in France. This so-called "cash back" practice is included in the European Payment Services Directive (PSD2).

Withdrawing cash at the supermarket checkout at the time of purchase is already widespread in Europe where this payday use, according to a study by the European Central Bank published in November 2017, represents around 7% of total withdrawals, transactions with ATMs approaching 40%.

This new service has already been set up in a major brand in France and should gradually expand over the territory.

Useful in rural areas, the "cash back" can also interest people unfamiliar with new technologies, as well as consumers with very modest income hypermarkets customers who want to control their expenses. Beyond the service provided to customers, this system is also useful to the distributor, facilitating his cash management.

To know :

Order 2017-1252 of 9 August 2017 transposing the European directive updates the legal framework for payment services, in order to adapt it to new types of players and products, to better protect the consumer, to enhance data security and support innovation. It has been ratified by the law of 3 August 2018. A decree (not yet published) must nevertheless specify the maximum amount in cash that can be disbursed in this context.

EDITOR'S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL OSI Translation. Region: France and French Territories –

Source: Republic of France in French

Credits: © stokkete – Fotolia.com

To make 20 € of races in a grocery store, to pay 50 € by credit card and to recover from the shopkeeper 30 € in cash: this type of transaction is now authorized in France. This so-called "cash back" practice is included in the European Payment Services Directive (PSD2).

Withdrawing cash at the supermarket checkout at the time of purchase is already widespread in Europe where this payday use, according to a study by the European Central Bank published in November 2017, represents around 7% of total withdrawals, transactions with ATMs approaching 40%.

This new service has already been set up in a major brand in France and should gradually expand over the territory.

Useful in rural areas, the "cash back" can also interest people unfamiliar with new technologies, as well as consumers with very modest income hypermarkets customers who want to control their expenses. Beyond the service provided to customers, this system is also useful to the distributor, facilitating his cash management.

To know :

Order 2017-1252 of 9 August 2017 transposing the European directive updates the legal framework for payment services, in order to adapt it to new types of players and products, to better protect the consumer, to enhance data security and support innovation. It has been ratified by the law of 3 August 2018. A decree (not yet published) must nevertheless specify the maximum amount in cash that can be disbursed in this context.

EDITOR'S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.