Search results
Your search gave 30966 results.
The Riksbank adapts its systems
07/11/2019 -Most payments in Sweden are currently settled in the Riksbank’s settlement system for large-value payments (RIX). As RIX is constructed for large-value payments between financial institutions, all smaller payments between bank customers have to...
Do we have the right to demand cash services at banks?
07/11/2019 -Freedom of contract also applies in principle to banks in relation to their customers. Here, too, the agreement can be written or verbal. It is therefore not necessarily a question of an actual written contract; it is sufficient for the bank to...
Do we have the right to pay in cash?
07/11/2019 -Under the Sveriges Riksbank Act, cash is legal tender in Sweden, which means that it is to be accepted as payment everywhere. But the rule can be waived by agreement by shops, restaurants, etc., via what is known as freedom of contract. In other...
Swedish payments are secure and efficient
07/11/2019 -Even if digital payments are simple and convenient, the development places new demands on security. The number of frauds with stolen card details or identities has increased, for example. Crimes linked to cash, such as bank or cash-in-transit...
Large payments take place via transfers
07/11/2019 -The picture is different if we instead look at the value of payments. In Sweden, total payments at an estimated value of almost four times the country’s GDP were made in 2018. Credit transfers make up almost all this value. It is mainly a...
Cash use in constant decline
07/11/2019 -Swedes pay less and less frequently in cash and more and more shops and restaurants are no longer accepting it. The trend in Sweden differs from that in other countries. It means that some groups are finding it increasingly difficult to pay.
Card payments still dominate
07/11/2019 -The majority of household purchases in Sweden are made by card. In ten years, the average Swede has doubled their card use. However, large-scale payments often take place between companies and authorities and are done via credit transfers. Card...
Electronic payments create new risks
07/11/2019 -An electronic payment means, among other things, that sensitive information needs to be exchanged by the payee, for instance the card number and CCV code. If external parties gain access to sensitive information, this may sometimes be used to...
Payments to other countries are more complicated
07/11/2019 -Payments to other countries than neighbouring ones or the euro area are more complicated. This is because the Swedish banks do not have direct access to those countries’ payment infrastructures. The Swedish bank must then rely upon a network of...
Efforts for smoother international payments
07/11/2019 -A number of banks and innovative companies abroad and in Sweden are taking various initiatives to make international payments easier. One example is the Utility Settlement Coin (USC), which is run by 13 major international banks. USC can be seen...