27th April 2002, E-Day

IT-Analysis.com writes in The Register on the implementation of the EU electronic money directive in the UK: “As of E-Day, anybody that wishes to issue electronic money can do so as long as they satisfy a number of core criteria specified by the Financial Services Authority (FSA), without having to first obtain a banking license.” The article continues: “It is widely expected that a number of companies, from mobile phone giants, credit card organisations and even the Post Office, are actively considering launching their own e-money offerings.”