In the midst of such an intense financial crisis, the adoption of non-cash payments and the development of technological initiatives such as online banking services and contactless payments could be a way for Greek financial institutions to stay competitive and consumers to avoid bank fees. On top of that, the spread of debit/credit card and electronic transactions could also be the only conclusive way to control tax evasion and gain effective control of the gray economy, as Dr Stavros Karageorgiou and Maria Giannakaki, of Karageorgiou & Associates Law Firm, discuss in E-Finance & Payments Law & Policy