Consumer News Round-up: Payment Services Directive to help tackle online fraudsters, Thomas Cook refunds to take two months, how algorithms keep online prices high
European Consumer Centre (ECC) Ireland presents a round-up of the week’s consumer news – in case you missed it!
Consumer News Round-up – week ending 4th October 2019
New PSD 2 Directive to help tackle fraudsters
This article in the Irish Sunday Times by Eithne Dunne, looks at the new Payment Services Directive (PSD 2) and how it will help tackle online fraudsters by making it a legal requirement to have two-factor authentication.
Two month wait for Thomas Cook refunds
Consumers affected by the Thomas Cook collapse could be waiting as long as two months for refunds, according to the UK’s Civil Aviation Authority.
The algorithms used to keep prices high on online shopping sites
RTÉ carried a very interesting article this week about the pricing algorithms that online retailers use and how these can keep prices high.