The Haifa District Court recently handed down a ruling in a motion to certify a class action filed against Ofir Tours Ltd. by its customer. The plaintiff bought an Eilat hotel vacation through Ofir Tours, paying in credit...more
9/6/2023
/ Class Action ,
Consumer Financial Products ,
Consumer Lenders ,
Credit Cards ,
Disclosure Requirements ,
Interest Rates ,
Israel ,
Pricing ,
Regulatory Requirements ,
Surcharges ,
Transaction Fees
The Bank of Israel recently led several important developments in the Israeli payments market. These developments are designed to encourage competition in the payment services market and to advance the implementation of...more
12/23/2019
/ Bank of Israel ,
Credit Cards ,
Electronic Payment Transactions ,
EU ,
European Banking Authority (EBA) ,
Financial Services Industry ,
Innovative Technology ,
Israel ,
Open Banking ,
PSD2 ,
Regulation Technical Standards (RTS)
The payment market in Israel and around the world is marching toward revolution: Facebook announced the launch of its digital currency, the Libra; Le’umi Bank entered into agreements with 400 businesses for acceptance of...more
7/11/2019
/ Bank of Israel ,
Banks ,
Credit Cards ,
Digital Currency ,
Electronic Payment Transactions ,
Facebook ,
Financial Services Industry ,
Innovative Technology ,
Israel ,
Mobile Apps ,
Payment Systems ,
Point of Sale Terminals