Different payment methods can have a different level of protection against risks, and this must be openly and sufficiently communicated to the users of payment services. These four cornerstones should in our view guide the further development of electronic payment services. They complement and align with the goals defined in the retail payment strategies of the EU and the Eurosystem.
He will make a start to the conference, which I now declare open. I hope that all of you enjoy two interesting and informative days in Frankfurt. Thank you very much. 2  BIS Review 72/2002